We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Zscaler (ZS) Advances While Market Declines: Some Information for Investors
Read MoreHide Full Article
Zscaler (ZS - Free Report) closed the most recent trading day at $178.17, moving +1.79% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.22%.
Coming into today, shares of the cloud-based information security provider had gained 3.87% in the past month. In that same time, the Computer and Technology sector gained 2.9%, while the S&P 500 gained 1.42%.
Investors will be eagerly watching for the performance of Zscaler in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 27, 2023. It is anticipated that the company will report an EPS of $0.49, marking a 68.97% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $473.41 million, showing a 33.15% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.23 per share and a revenue of $2.06 billion, demonstrating changes of +24.58% and +27.44%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Zscaler. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Zscaler is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Zscaler has a Forward P/E ratio of 78.52 right now. Its industry sports an average Forward P/E of 23.34, so one might conclude that Zscaler is trading at a premium comparatively.
We can also see that ZS currently has a PEG ratio of 1.94. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.94.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 91, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Zscaler (ZS) Advances While Market Declines: Some Information for Investors
Zscaler (ZS - Free Report) closed the most recent trading day at $178.17, moving +1.79% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.22%.
Coming into today, shares of the cloud-based information security provider had gained 3.87% in the past month. In that same time, the Computer and Technology sector gained 2.9%, while the S&P 500 gained 1.42%.
Investors will be eagerly watching for the performance of Zscaler in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 27, 2023. It is anticipated that the company will report an EPS of $0.49, marking a 68.97% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $473.41 million, showing a 33.15% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.23 per share and a revenue of $2.06 billion, demonstrating changes of +24.58% and +27.44%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Zscaler. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Zscaler is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Zscaler has a Forward P/E ratio of 78.52 right now. Its industry sports an average Forward P/E of 23.34, so one might conclude that Zscaler is trading at a premium comparatively.
We can also see that ZS currently has a PEG ratio of 1.94. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.94.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 91, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.