ZoomInfo Technologies (ZI) Set to Announce Quarterly Earnings on Tuesday

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) will be announcing its earnings results 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.Parties that are interested in participating in the company's conference call can do so using this link.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its 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 company had revenue of $316.40 million during the quarter, compared to analyst estimates of $310.62 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. 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

ZI stock traded down $0.57 during mid-day trading on Tuesday, hitting $15.86. 4,541,255 shares of the stock were exchanged, compared to its average volume of 6,152,515. The business has a fifty day moving average price of $16.09 and a 200 day moving average price of $15.92. ZoomInfo Technologies has a 12 month low of $12.36 and a 12 month high of $30.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 58.74, a PEG ratio of 4.22 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ZI shares. DA Davidson upped their target price on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Jefferies Financial Group assumed coverage on shares of ZoomInfo Technologies in a research note on Wednesday, February 7th. They issued a "buy" rating and a $20.00 price target for the company. Royal Bank of Canada reiterated an "underperform" rating and issued a $14.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. Needham & Company LLC restated a "buy" rating and set a $25.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their price objective on ZoomInfo Technologies from $17.00 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, 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.