Zuora Inc reports results for the quarter ended in April - Earnings Summary

Zuora

23/05/2024 16:10

* Zuora Inc  ZUO.N  reported quarterly adjusted earnings of
11
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 5
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from 6 cents to 7 cents per share.
    * Revenue rose 6.5% to $109.77 million from a year ago;
analysts
expected $108.70 million. 
    * Zuora Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $13.71 million.
    * Zuora Inc shares had risen by 8.1% this quarter and
gained 4.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Zuora Inc is
$13.00 
This summary was machine generated from LSEG data May 23 at
03:10 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
 Apr. 30 2024      0.07           0.11           Beat
 Jan. 31 2024      0.05           0.12           Beat
 Oct. 31 2023      0.06           0.09           Beat
 Jul. 31 2023      0.03           0.07           Beat