Zscaler (ZS - Free Report) closed the most recent trading day at $78.81, moving +0.19% from the previous trading session. This change outpaced the S&P 500's 0.58% loss on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 1.04%.
Coming into today, shares of the cloud-based information security provider had gained 25.4% in the past month. In that same time, the Computer and Technology sector lost 1.99%, while the S&P 500 lost 0.88%.
ZS will be looking to display strength as it nears its next earnings release, which is expected to be May 30, 2019. In that report, analysts expect ZS to post earnings of $0.01 per share. This would mark year-over-year growth of 150%. Our most recent consensus estimate is calling for quarterly revenue of $74.54 million, up 51.63% from the year-ago period.
ZS's full-year Zacks Consensus Estimates are calling for earnings of $0.12 per share and revenue of $290.32 million. These results would represent year-over-year changes of +192.31% and +52.66%, respectively.
Investors might also notice recent changes to analyst estimates for ZS. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. ZS is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ZS has a Forward P/E ratio of 646.52 right now. Its industry sports an average Forward P/E of 32.06, so we one might conclude that ZS is trading at a premium comparatively.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.