Zuora (ZUO) Scheduled to Post Earnings on Wednesday

Zuora (NYSE:ZUO) is set to issue its quarterly earnings data after the market closes on Wednesday, August 21st. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Zuora (NYSE:ZUO) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.09. The company had revenue of $109.77 million for the quarter, compared to analysts’ expectations of $108.80 million. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. On average, analysts expect Zuora to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Zuora Stock Up 1.7 %

Shares of NYSE:ZUO opened at $8.83 on Monday. The firm has a market cap of $1.29 billion, a P/E ratio of -20.53 and a beta of 1.71. Zuora has a 12-month low of $7.05 and a 12-month high of $10.85. The business has a fifty day simple moving average of $9.18 and a 200 day simple moving average of $9.20. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.60.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZUO. Jefferies Financial Group boosted their price target on shares of Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Robert W. Baird upped their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research report on Thursday, May 23rd. Craig Hallum lowered Zuora from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Zuora in a report on Thursday, June 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.86.

Insiders Place Their Bets

In other Zuora news, CEO Tien Tzuo sold 70,833 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $9.73, for a total transaction of $689,205.09. Following the completion of the sale, the chief executive officer now owns 6,352 shares in the company, valued at approximately $61,804.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Tien Tzuo sold 70,833 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $9.73, for a total value of $689,205.09. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at approximately $61,804.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Robert J. Traube sold 21,949 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $8.72, for a total transaction of $191,395.28. Following the transaction, the executive now directly owns 53,804 shares in the company, valued at $469,170.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 372,666 shares of company stock worth $3,408,961. Corporate insiders own 8.62% of the company’s stock.

About Zuora

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.