Zscaler Earnings Announcement Approaching: Analysts Revise Forecasts

Zscaler, Inc. (NASDAQ: ZS) is set to announce its earnings for the first quarter after the market closes on Monday, December 2.

Analysts predict that the San Jose, California-based company will report earnings of 63 cents per share, a decrease from 67 cents per share in the same period last year. Zscaler also expects to report revenue of approximately $605.55 million for the recent quarter, which is an increase from the $496.7 million reported a year earlier, according to data sourced from Benzinga Pro.

In its previous fiscal fourth quarter report released on September 3, Zscaler disclosed revenue of $592.9 million, surpassing the consensus expectation of $567.933 million. This signaled strong performance for the company at that time.

However, in the most recent trading session, Zscaler shares experienced a decline, dropping 2.5% to close at $204.96 on Wednesday.

For those interested in the latest ratings from analysts, the following updates provide insights into Zscaler's outlook:

• Analyst Gray Powell from BTIG has maintained a Buy rating and increased the price target from $205 to $238 as of November 27, boasting an accuracy rate of 77%.
• Joseph Gallo from Jefferies has also reaffirmed a Buy rating while raising the price target from $225 to $245 on November 26, showing an accuracy rate of 78%.
• Keybanc analyst Eric Heath has an Overweight rating, with an adjusted price target from $220 to $245 as of November 22, with an accuracy rating of 78%.
• Saket Kalia from Barclays retained an Overweight rating and raised the price target from $200 to $220 on November 21, holding an accuracy rate of 75%.
• Stifel analyst Adam Borg has also kept a Buy rating, increasing the price target from $220 to $235 on November 14, boasting an accuracy rate of 78%.

The upcoming earnings report will be closely watched as analysts and investors try to gauge Zscaler's performance and future prospects.

Earnings, Zscaler, Stocks