ZoomInfo Technologies (ZI) to Release Earnings on Tuesday

ZoomInfo Technologies (NASDAQ:ZI) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. ZoomInfo Technologies has set its Q1 guidance at $0.23-0.24 EPS and its FY24 guidance at $0.99-1.01 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The firm had revenue of $316.40 million during the quarter, compared to analysts’ expectations of $310.62 million. During the same period in the prior year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts expect ZoomInfo Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $16.43 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $16.12 and its two-hundred day moving average is $15.93. ZoomInfo Technologies has a twelve month low of $12.36 and a twelve month high of $30.16. The firm has a market capitalization of $6.24 billion, a PE ratio of 60.85, a P/E/G ratio of 4.22 and a beta of 1.16.

Analyst Ratings Changes

A number of analysts recently weighed in on ZI shares. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of ZoomInfo Technologies in a research note on Tuesday, February 20th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $14.00 price target on shares of ZoomInfo Technologies in a research note on Tuesday, February 13th. Citigroup cut shares of ZoomInfo Technologies from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $20.00 to $13.00 in a research note on Thursday, February 8th. Wells Fargo & Company boosted their price objective on shares of ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Barclays reduced their price target on shares of ZoomInfo Technologies from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Moderate Buy” and an average price target of $21.43.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.