A month has passed by for the reason that final earnings report for Zscaler (ZS). Shares have misplaced about 4.9% in that timeframe, outperforming the S&P 500.
Will the latest unfavorable pattern proceed main as much as its subsequent earnings launch, or is Zscaler due for a breakout? Earlier than we dive into how traders and analysts have reacted as of late, let’s take a fast have a look at the newest earnings report with a purpose to get a greater deal with on the vital catalysts.
How Have Estimates Been Shifting Since Then?
It seems, recent estimates have trended upward throughout the previous month.
The consensus estimate has shifted 30.43% attributable to these modifications.
VGM Scores
At the moment, Zscaler has an important Progress Rating of A, although it’s lagging lots on the Momentum Rating entrance with a C. Nevertheless, the inventory was allotted a grade of F on the worth facet, placing it within the fifth quintile for this funding technique.
General, the inventory has an mixture VGM Rating of C. For those who aren’t centered on one technique, this rating is the one you have to be all in favour of.
Outlook
Estimates have been trending upward for the inventory, and the magnitude of those revisions appears to be like promising. Notably, Zscaler has a Zacks Rank #3 (Maintain). We count on an in-line return from the inventory within the subsequent few months.
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Zscaler, Inc. (ZS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
