In the latest trading session, Zuora (ZUO - Free Report) closed at $22.56, marking a +1.44% move from the previous day. This move outpaced the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 0.84%, and the Nasdaq, a tech-heavy index, added 0.97%.
Heading into today, shares of the enterprise software company had gained 13.76% over the past month, outpacing the Computer and Technology sector's loss of 2.6% and the S&P 500's loss of 1.68% in that time.
Wall Street will be looking for positivity from ZUO as it approaches its next earnings report date. This is expected to be May 30, 2019. In that report, analysts expect ZUO to post earnings of -$0.14 per share. This would mark year-over-year growth of 56.25%. Meanwhile, our latest consensus estimate is calling for revenue of $63.80 million, up 23.31% from the prior-year quarter.
ZUO's full-year Zacks Consensus Estimates are calling for earnings of -$0.42 per share and revenue of $290.71 million. These results would represent year-over-year changes of +23.64% and +23.6%, respectively.
Investors might also notice recent changes to analyst estimates for ZUO. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ZUO is holding a Zacks Rank of #2 (Buy) right now.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.