Zuora (NYSE:ZUO) Updates Q3 2020 Earnings Guidance

Zuora (NYSE:ZUO) updated its third quarter 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $-0.1–0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.09. The company issued revenue guidance of $69-71 million, compared to the consensus revenue estimate of $70.08 million.Zuora also updated its FY 2020 guidance to $-0.4–0.38 EPS.

Several research firms have recently commented on ZUO. Canaccord Genuity dropped their target price on shares of Zuora from $28.00 to $18.00 and set a buy rating for the company in a research report on Friday, May 31st. Jefferies Financial Group decreased their price target on shares of Zuora from $35.00 to $29.00 and set a buy rating for the company in a research note on Friday, May 31st. Needham & Company LLC lowered shares of Zuora from a strong-buy rating to a buy rating and set a $13.55 price target for the company. in a research note on Friday, May 31st. Morgan Stanley decreased their price target on shares of Zuora from $22.00 to $16.00 and set an equal weight rating for the company in a research note on Friday, May 31st. Finally, Zacks Investment Research lowered shares of Zuora from a buy rating to a hold rating in a research note on Saturday, June 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $19.43.

Shares of Zuora stock traded down $0.07 during trading on Wednesday, hitting $13.93. The company’s stock had a trading volume of 1,991,550 shares, compared to its average volume of 1,761,981. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.91 and a current ratio of 1.91. The company has a fifty day simple moving average of $14.81 and a two-hundred day simple moving average of $18.66. The company has a market capitalization of $1.52 billion, a PE ratio of -16.99 and a beta of 1.96. Zuora has a 52 week low of $13.04 and a 52 week high of $34.75.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.01). The business had revenue of $64.11 million during the quarter, compared to the consensus estimate of $64.13 million. Zuora had a negative return on equity of 47.50% and a negative net margin of 31.80%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.29) earnings per share. As a group, analysts predict that Zuora will post -0.6 EPS for the current year.

In other Zuora news, SVP Jennifer Pileggi sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $16.02, for a total transaction of $160,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jason Pressman sold 11,008 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $15.35, for a total transaction of $168,972.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,008 shares of company stock valued at $489,273. 26.02% of the stock is owned by company insiders.

Zuora Company Profile

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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Earnings History and Estimates for Zuora (NYSE:ZUO)

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