FY2023 EPS Estimates for Zuora, Inc. Increased by Jefferies Financial Group (NYSE:ZUO)

Zuora, Inc. (NYSE:ZUOGet Rating) – Analysts at Jefferies Financial Group increased their FY2023 earnings per share estimates for shares of Zuora in a report released on Sunday, November 20th. Jefferies Financial Group analyst B. Thill now anticipates that the company will earn ($0.95) per share for the year, up from their previous estimate of ($0.96). The consensus estimate for Zuora’s current full-year earnings is ($0.95) per share. Jefferies Financial Group also issued estimates for Zuora’s Q4 2023 earnings at ($0.22) EPS, Q1 2024 earnings at ($0.22) EPS, Q3 2024 earnings at ($0.21) EPS and Q4 2024 earnings at ($0.19) EPS.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group dropped their price target on Zuora from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. Needham & Company LLC lowered their price objective on Zuora from $24.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 25th. The Goldman Sachs Group began coverage on Zuora in a research note on Friday, October 21st. They set a “neutral” rating and a $9.00 price objective for the company. Finally, Craig Hallum lowered their price objective on Zuora from $22.00 to $16.00 in a research note on Thursday, August 25th.

Zuora Stock Performance

ZUO stock opened at $7.63 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.01 billion, a P/E ratio of -8.77 and a beta of 1.80. Zuora has a 12-month low of $6.14 and a 12-month high of $20.43. The stock’s 50 day simple moving average is $7.45 and its 200 day simple moving average is $8.59.

Zuora (NYSE:ZUOGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The firm had revenue of $98.80 million for the quarter, compared to analyst estimates of $97.54 million. Zuora had a negative net margin of 29.89% and a negative return on equity of 56.71%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new position in Zuora during the third quarter valued at about $41,000. Emerald Advisers LLC boosted its stake in Zuora by 56.9% during the third quarter. Emerald Advisers LLC now owns 8,000 shares of the company’s stock valued at $59,000 after buying an additional 2,900 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Zuora by 164.0% during the third quarter. Tower Research Capital LLC TRC now owns 8,629 shares of the company’s stock valued at $63,000 after buying an additional 5,360 shares in the last quarter. Lazard Asset Management LLC bought a new position in Zuora during the second quarter valued at about $71,000. Finally, Envestnet Asset Management Inc. bought a new position in Zuora during the third quarter valued at about $76,000. Institutional investors own 86.37% of the company’s stock.

Insider Transactions at Zuora

In other news, CFO Todd Mcelhatton sold 7,500 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $6.94, for a total value of $52,050.00. Following the completion of the transaction, the chief financial officer now owns 95,353 shares of the company’s stock, valued at $661,749.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Todd Mcelhatton sold 7,500 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $6.94, for a total value of $52,050.00. Following the completion of the transaction, the chief financial officer now owns 95,353 shares of the company’s stock, valued at $661,749.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Robert J. Traube sold 26,905 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $7.08, for a total value of $190,487.40. Following the completion of the transaction, the executive now directly owns 84,401 shares of the company’s stock, valued at approximately $597,559.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,561 shares of company stock valued at $580,152. 9.08% of the stock is currently owned by corporate insiders.

Zuora Company Profile

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Zuora, Inc, together with its subsidiaries, 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 orchestration engine that allows customers quote-to-revenue operations.

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Earnings History and Estimates for Zuora (NYSE:ZUO)

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