ZoomInfo Technologies (NASDAQ:ZI) Updates FY 2024 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.920-0.930 for the period, compared to the consensus earnings per share estimate of 0.880. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. ZoomInfo Technologies also updated its Q4 guidance to $0.22-0.23 EPS.

ZoomInfo Technologies Trading Up 3.4 %

ZI opened at $13.08 on Wednesday. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The company has a market cap of $4.78 billion, a P/E ratio of 327.08, a PEG ratio of 7.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. The business’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $11.39.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $303.60 million for the quarter, compared to the consensus estimate of $299.45 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. As a group, equities research analysts expect that ZoomInfo Technologies will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Daiwa America cut ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Citigroup decreased their target price on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Piper Sandler decreased their target price on ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. KeyCorp cut ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 6th. Finally, Raymond James cut ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and an average price target of $12.61.

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.