Zuora (NYSE:ZUO) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-0.4–0.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.43. The company issued revenue guidance of $273.5-278 million, compared to the consensus revenue estimate of $274.49 million.Zuora also updated its FY20 guidance to ($0.40-0.38) EPS.
Shares of ZUO traded up $0.76 during midday trading on Thursday, reaching $14.69. The stock had a trading volume of 27,144 shares, compared to its average volume of 1,074,968. The firm has a 50 day simple moving average of $14.77 and a 200-day simple moving average of $18.63. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.59 billion, a PE ratio of -17.93 and a beta of 1.96. Zuora has a one year low of $13.04 and a one year high of $34.75.
Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, August 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. The company had revenue of $69.70 million during the quarter, compared to analysts’ expectations of $66.87 million. Zuora had a negative net margin of 31.80% and a negative return on equity of 47.50%. Zuora’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.13) EPS. As a group, research analysts forecast that Zuora will post -0.6 EPS for the current fiscal year.
A number of research firms have recently issued reports on ZUO. ValuEngine upgraded shares of Zuora from a hold rating to a buy rating in a research note on Saturday, July 6th. Zacks Investment Research cut shares of Zuora from a buy rating to a hold rating in a research note on Saturday, June 8th. Morgan Stanley cut their target price 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. Needham & Company LLC cut shares of Zuora from a strong-buy rating to a buy rating and set a $13.55 target price for the company. in a research note on Friday, May 31st. Finally, Jefferies Financial Group cut their target price 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $19.43.
In other Zuora news, SVP Jennifer Pileggi sold 10,000 shares of Zuora stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $16.01, for a total value of $160,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jason Pressman sold 11,008 shares of Zuora stock in a transaction dated Monday, June 17th. The stock was 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. Insiders sold a total of 31,008 shares of company stock valued at $489,273 in the last quarter. Corporate insiders own 26.02% of the company’s stock.
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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