Zoominfo Technologies Inc reports results for the quarter ended in June - Earnings Summary

ZoomInfo Technologies

05/08/2024 22:40

* Zoominfo Technologies Inc  ZI.OQ  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 26 cents.  The mean expectation of twenty two analysts
for the quarter was for earnings of 23 cents per share. Wall
Street expected results to range from 23 cents to 25 cents per
share.
    * Revenue fell 5.5% to $291.50 million from a year ago;
analysts
expected $307.73 million. 
    * Zoominfo Technologies Inc's reported EPS for the quarter
was a
loss of 7 cents​.
    * The company reported a quarterly loss of $24.4 million.
    * Zoominfo Technologies Inc shares had fallen by 18.5% this
quarter and lost 43.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 9
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is  "hold."

Wall Street's median 12-month price target for Zoominfo
Technologies Inc is $16.00 
This summary was machine generated from LSEG data August 5 at
09:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.23           0.17           Missed
 Mar. 31 2024      0.23           0.26           Beat
 Dec. 31 2023      0.25           0.26           Beat
 Sep. 30 2023      0.24           0.26           Beat