ZoomInfo Technologies (NASDAQ:ZI) reported its Q3 earnings results on Monday, November 1, 2021 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
ZoomInfo Technologies reported in-line EPS of $0.13 versus an estimate of $0.12, which did not surprise analysts.
Revenue was up $74,200,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02, which was followed by a 3.14% increase in the share price the next day.
Here’s a look at ZoomInfo Technologies’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.12 | 0.10 | 0.10 | 0.09 |
| EPS Actual | 0.14 | 0.13 | 0.12 | 0.11 |
| Revenue Estimate | 162.34M | 145.50M | 130.32M | 117.37M |
| Revenue Actual | 174.00M | 153.30M | 139.70M | 123.40M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
ZoomInfo Technologies management provided guidance for their next quarter, expecting earnings between $0.11 and $0.12 per share for the nextquarter.
This represents a -11.54% in quarter-over-quarter growth for ZoomInfo Technologies, a bearish signal to many investors.
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