Zscaler Inc reports results for the quarter ended July 31 - Earnings Summary

• Zscaler Inc ZS reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of forty one analysts for the quarter was for earnings of 80 cents per share. Wall Street expected results to range from 79 cents to 85 cents per share.

• Revenue rose 21.3% to $719.23 million from a year ago; analysts expected $706.90 million.

• Zscaler Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $17.58 million.

• Zscaler Inc shares had fallen by 11.8% this quarter and gained 53.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 35 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Zscaler Inc is $320.00, about 13.4% above its last closing price of $277.05

This summary was machine generated from LSEG data September 2 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)