Zscaler (NASDAQ: ZS) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 27.54%. A quarter ago, it was expected that this cloud-based information security provider would post earnings of $0.65 per share when it actually produced earnings of $0.88, delivering a surprise of 35.38%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Zscaler, which belongs to the Zacks Internet - Services industry, posted revenues of $592.87 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 4.45%. This compares to year-ago revenues of $455.01 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Zscaler shares have lost ...
