ZoomInfo (ZI) Fourth Quarter Earnings Report Preview: What to Look For
Sales intelligence platform ZoomInfo will report earnings tomorrow after the market closes. Here’s what to look for.
ZoomInfo posted revenue of $313.8 million last quarter, up 9.1% year over year, beating analysts’ revenue expectations by 1.1%. It was a weaker quarter for the company, with slowing growth from large customers and a disappointing revenue forecast for the following quarter. The company lost 24 corporate customers paying more than $100,000 a year and ended up with a total of 1,869.
Will buying or selling ZoomInfo lead to earnings? Find out by reading the original article on StockStory.
This quarter, analysts expect ZoomInfo’s revenue to grow 2.9% year-over-year to $310.5 million, slowing from the 35.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to be $0.25 per share.
Most analysts that follow the company have reconfirmed their estimates in the last thirty days, suggesting that they expect the company to stay on course towards earnings. The company has missed Wall Street revenue estimates only once in the past two years and beat revenue expectations by 2.9% on average.
Looking at ZoomInfo’s peers in the sales and marketing software segment, some of them have already reported fourth-quarter earnings results, giving us an idea of what we can expect. Freshworks reported revenue growth of 20.2% year-over-year, beating analysts’ estimates by 1%, and LiveRamp reported revenue growing 9.6% year-over-year, beating estimates by 1, 2%. Freshworks fell 2.9% on the results and LiveRamp fell 2.3%.
Read the full analysis of Freshworks and LiveRamp results on StockStory.
There has been positive sentiment among investors in the sales and marketing software segment, with shares rising an average of 8.2% over the past month. Over the same period, ZoomInfo is down 0.2% and is heading to earnings with an analyst price target of $19.8, compared to its share price of $15.3.