Sales intelligence platform ZoomInfo will be reporting earnings today after market close. Here's what investors should know.
Last quarter ZoomInfo reported revenues of $287.6 million, up 45.5% year on year, beating analyst revenue expectations by 3.24%. It was a mixed quarter for the company, with exceptional revenue growth but decelerating growth in large customers. The company added 85 enterprise customers paying more than $100,000 annually to a total of 1,848.
Is ZoomInfo buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting ZoomInfo's revenue to grow 34.4% year on year to $298.8 million, slowing down from the 59.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 6.08%.
Looking at ZoomInfo's peers in the sales and marketing software segment, only Qualtrics has so far reported results, delivering top-line growth of 23.1% year on year, and beating analyst estimates by 2.08%. The stock traded up 1.25% on the results. Read our full analysis of Qualtrics's earnings results here.
There has been positive sentiment among investors in the sales and marketing software segment, with the stocks up on average 23.4% over the last month. ZoomInfo is up 12% during the same time, and is heading into the earnings with analyst price target of $38.79, compared to share price of $29.12.
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The author has no position in any of the stocks mentioned.