Zuora (NYSE:ZUO) Updates Q2 2021 After-Hours Earnings Guidance

Zuora (NYSE:ZUO) issued an update on its second quarter 2021
After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of -0.08–0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.08. The company issued revenue guidance of $72.5-75 million, compared to the consensus revenue estimate of $74.53 million.

Shares of NYSE:ZUO traded up $0.56 during trading on Wednesday, hitting $12.59. 3,448,327 shares of the company’s stock traded hands, compared to its average volume of 1,529,607. Zuora has a 52 week low of $6.21 and a 52 week high of $16.75. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -19.56 and a beta of 2.19. The company has a 50-day moving average price of $10.70 and a 200-day moving average price of $12.77.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Thursday, March 12th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. Zuora had a negative return on equity of 48.96% and a negative net margin of 30.21%. The business had revenue of $70.39 million for the quarter, compared to analysts’ expectations of $71.93 million. During the same quarter in the previous year, the business posted ($0.11) EPS. Zuora’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict that Zuora will post -0.73 earnings per share for the current fiscal year.

Several equities research analysts have commented on the company. Needham & Company LLC restated a hold rating on shares of Zuora in a research note on Thursday, May 28th. Morgan Stanley cut Zuora from an equal weight rating to an underweight rating and set a $8.50 target price on the stock. in a research note on Tuesday, April 14th. Zacks Investment Research upgraded Zuora from a sell rating to a hold rating in a research note on Tuesday, March 24th. Canaccord Genuity assumed coverage on Zuora in a research note on Friday, May 22nd. They issued a buy rating on the stock. Finally, ValuEngine cut Zuora from a strong-buy rating to a buy rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Zuora currently has a consensus rating of Hold and an average price target of $12.80.

About Zuora

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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