Zuora, Inc. (NYSE:ZUO) is reporting second quarter financial results on Wednesday 2nd September 2020, after market close.
According to analysts surveyed by Thomson Reuters, ZUO is expected to report 2Q21 loss of $ 0.07 per share from revenue of $ 73.47 million.
For the full year, analysts anticipate top line of $ 298.39 million, while looking forward to loss of $ 0.22 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 72.50 million ~ $ 75.00 million
Full Year 2021 topline are forecasted in a range of$ 239.00 million ~ $ 243.00 million, where as bottomline are predicted in a range of $ -0.29 ~ $ -0.25 per share
Click Here For More Historical Outlooks Of Zuora, Inc.
Previous Quarter Performance
Zuora, Inc. unwinded loss for the first quarter of $ 0.06 per share, from the revenue of $ 73.90 million. The quarterly revenues escalated 15.20 percent compared with the same quarter last year. Wall street analysts are predicting, ZUO to report 1Q21 loss of $ 0.10 per share from revenue of $ 71.43 million. The bottom line results beat street analysts by $ 0.04 or 40.00 percent, at the same time, top line results outshined analysts by $ 2.47 million or 3.46 percent.
Stock Performance
Shares of Zuora, Inc. traded up $ 1.05 or 7.73 percent on Tuesday, reaching $ 14.64 with volume of 2.62 million shares. The stock opened positive for the day at $ 13.75, after closing the previous day trading at $ 13.59.
According to the previous trading day, closing price of $ 13.59, representing a 118.84 % increase from the 52 week low of $ 6.21 and a 18.08 % decrease over the 52 week high of $ 16.59.
The company has a market capital of $ 1.70 billion and is part of the Technology sector and Software – Infrastructure industry.
Conference Call
Zuora, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd September 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, (866) 393-4306 U.S. or (734) 385-2616 (International), when prompted, enter passcode 3068303 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.zuora.com
Zuora, Inc. provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that allows customers to orient order-to-revenue operations.
