ZoomInfo Q4 Earnings Report Preview
ZoomInfo, the sales intelligence platform, is set to report its earnings tomorrow after the market closes. Investors are eagerly anticipating this update from the company with a close eye on various aspects.
Last quarter, ZoomInfo reported revenues of $313.8 million, representing a 9.1% year-on-year increase. This surpassed analyst revenue expectations by 1.1%. However, it was noted as a weaker quarter due to decelerating growth in large customers and underwhelming revenue guidance for the next quarter. Furthermore, the company lost 24 enterprise customers paying more than $100,000 annually, bringing the total count to 1,869.
Investors are pondering whether ZoomInfo is a buy or sell as the earnings report approaches. To gain deeper insights into this, readers can find the original article on StockStory.
This quarter, analysts are projecting a 2.9% year-on-year revenue growth to $310.5 million for ZoomInfo, representing a significant slowdown from the 35.7% year-over-year increase in revenue recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.25 per share.
It’s worth noting that the majority of analysts have upheld their estimates in the last thirty days, indicating a sense of confidence about the company’s performance leading into the earnings. With ZoomInfo having only missed Wall Street’s revenue estimates once in the past two years and consistently exceeding expectations by 2.9%, there’s a degree of optimism in the air.
An interesting comparison can be drawn by looking at the Q4 earnings of ZoomInfo’s peers in the sales and marketing software segment. Freshworks and LiveRamp have already reported noticeable figures, providing some insight into the potential outcome for ZoomInfo.
Despite a recent surge in positive sentiment among investors in the sales and marketing software segment, ZoomInfo has experienced a slight decline in its stock price over the past month. As we move closer to the earnings report, all eyes are set on the company’s performance in comparison to analyst expectations and industry trends.
