ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.000-1.020 for the period, compared to the consensus earnings per share estimate of 1.000. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. ZoomInfo Technologies also updated its Q2 2024 guidance to 0.230-0.240 EPS.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on ZI shares. Truist Financial increased their price objective on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the company a hold rating in a report on Tuesday, February 13th. Citigroup decreased their price target on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a sell rating on the stock in a research note on Thursday. DA Davidson boosted their price objective on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a buy rating in a research note on Tuesday, February 13th. Royal Bank of Canada restated an underperform rating and issued a $14.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Finally, Jefferies Financial Group began coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They set a buy rating and a $20.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $19.00.
Check Out Our Latest Stock Report on ZoomInfo Technologies
ZoomInfo Technologies Trading Up 3.6 %
ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The business had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. During the same quarter last year, the firm earned $0.13 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current year.
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.
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