ZoomInfo Analysts Raise Their Forecasts After Q3 Results

Benzinga

2024-11-13

ZoomInfo Technologies Inc. (NASDAQ:ZI) reported better-than-expected earnings for its third quarter on Tuesday.

On Tuesday, the company reported revenueof $303.6 million, beating estimates of $299.4 million, and adjusted EPS of 28cents, exceeding the consensus of 22 cents.

Total revenue was down 3% on a year-over-year basis in the quarter. ZoomInfo ended the quarter with 1,809 customers generating $100,000 or more in annual contract value, marking an increase of 12 customers compared to the previous quarter.

Henry Schuck, ZoomInfo founder and CEO said, "Net revenue retention was stable for the third consecutive quarter and we again grew our $100k and million dollar customer cohorts."

ZoomInfo said it sees fourth-quarter revenue in the range of $296 million to $299 million versus estimates of $296.8 million and adjusted EPS of $0.22 – $0.23 (vs. consensus of $0.23), according to Benzinga Pro.

The company revised FY24 revenue outlook to $1.201 billion – $1.204 billion (from $1.190 – $1.205 billion) vs $1.198 billion estimate and adjusted EPS to $0.92 – $0.93 (from $0.86 – $0.88) vs. consensus of $0.88.

ZoomInfo shares dipped 16.9% to trade at $10.87 on Wednesday.

These analysts made changes to their price targets on ZoomInfo following earnings announcement.

Piper Sandler analyst Brent Bracelin maintained ZoomInfo Technologies with a Neutral and raised the price target from $10 to $11.
Mizuho analyst Siti Panigrahi maintained ZoomInfo with a Neutral and raised the price target from $9 to $11.
Needham analyst Joshua Reilly reiterated the stock with a Buy and maintained a $15 price target.

Considering buying ZI stock? Here’s what analysts think:

Read More:

This Caterpillar Analyst Turns Bearish; Here Are Top 5 Downgrades For Wednesday

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ZoomInfo ended the quarter with 1,809 customers generating $100,000 or more in annual contract value, marking an increase of 12 customers compared to the previous quarter.</p>\n<p>Henry Schuck, ZoomInfo founder and CEO said, \"Net revenue retention was stable for the third consecutive quarter and we again grew our $100k and million dollar customer cohorts.\"</p>\n<p>ZoomInfo said it sees fourth-quarter revenue in the range of $296 million to $299 million versus estimates of $296.8 million and adjusted EPS of $0.22 – $0.23 (vs. consensus of $0.23), according to Benzinga Pro.</p>\n<p>The company revised FY24 revenue outlook to $1.201 billion – $1.204 billion (from $1.190 – $1.205 billion) vs $1.198 billion estimate and adjusted EPS to $0.92 – $0.93 (from $0.86 – $0.88) vs. consensus of $0.88.</p>\n<p>ZoomInfo shares dipped 16.9% to trade at $10.87 on Wednesday.</p>\n<p>These analysts made changes to their price targets on ZoomInfo following earnings announcement.</p>\n<ul>\n<li>Piper Sandler analyst Brent Bracelin maintained ZoomInfo Technologies with a Neutral and raised the price target from $10 to $11.</li>\n<li>Mizuho analyst Siti Panigrahi maintained ZoomInfo with a Neutral and raised the price target from $9 to $11.</li>\n<li>Needham analyst Joshua Reilly reiterated the stock with a Buy and maintained a $15 price target. </li>\n</ul>\n<p><strong>Considering buying ZI stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"545\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138-1024x545.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138-1024x545.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138-768x409.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138.png 1217w\" width=\"1024\"/></figure>\n<p><strong>Read More: </strong></p>\n<ul>\n<li><strong>This Caterpillar Analyst Turns Bearish; Here Are Top 5 Downgrades For Wednesday</strong></li>\n</ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ZoomInfo Analysts Raise Their Forecasts After Q3 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZoomInfo Analysts Raise Their Forecasts After Q3 Results\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2024-11-13 22:37</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<html><body><p><strong><a href=\"https://laohu8.com/S/ZI\">ZoomInfo Technologies Inc.</a></strong> (NASDAQ:ZI) reported better-than-expected earnings for its third quarter on Tuesday.</p>\n<p>On Tuesday, the company reported revenueof $303.6 million, beating estimates of $299.4 million, and adjusted EPS of 28cents, exceeding the consensus of 22 cents.</p>\n<p>Total revenue was down 3% on a year-over-year basis in the quarter. ZoomInfo ended the quarter with 1,809 customers generating $100,000 or more in annual contract value, marking an increase of 12 customers compared to the previous quarter.</p>\n<p>Henry Schuck, ZoomInfo founder and CEO said, \"Net revenue retention was stable for the third consecutive quarter and we again grew our $100k and million dollar customer cohorts.\"</p>\n<p>ZoomInfo said it sees fourth-quarter revenue in the range of $296 million to $299 million versus estimates of $296.8 million and adjusted EPS of $0.22 – $0.23 (vs. consensus of $0.23), according to Benzinga Pro.</p>\n<p>The company revised FY24 revenue outlook to $1.201 billion – $1.204 billion (from $1.190 – $1.205 billion) vs $1.198 billion estimate and adjusted EPS to $0.92 – $0.93 (from $0.86 – $0.88) vs. consensus of $0.88.</p>\n<p>ZoomInfo shares dipped 16.9% to trade at $10.87 on Wednesday.</p>\n<p>These analysts made changes to their price targets on ZoomInfo following earnings announcement.</p>\n<ul>\n<li>Piper Sandler analyst Brent Bracelin maintained ZoomInfo Technologies with a Neutral and raised the price target from $10 to $11.</li>\n<li>Mizuho analyst Siti Panigrahi maintained ZoomInfo with a Neutral and raised the price target from $9 to $11.</li>\n<li>Needham analyst Joshua Reilly reiterated the stock with a Buy and maintained a $15 price target. </li>\n</ul>\n<p><strong>Considering buying ZI stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"545\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138-1024x545.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138-1024x545.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138-768x409.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13093522/image-138.png 1217w\" width=\"1024\"/></figure>\n<p><strong>Read More: </strong></p>\n<ul>\n<li><strong>This Caterpillar Analyst Turns Bearish; Here Are Top 5 Downgrades For Wednesday</strong></li>\n</ul></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZI","symbol_name":"ZoomInfo Technologies Inc.","start_time":0,"source_url":"https://www.benzinga.com/24/11/41941294/zoominfo-analysts-raise-their-forecasts-after-q3-results","article_id":"2483881561","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483881561","pubTimestamp":1731508655,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZI":"ZoomInfo Technologies Inc.","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4585":"ETF&股票定投概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4077":"互动媒体与服务","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4588":"碎股"},"translate_title":"ZoomInfo分析师在第三季度业绩公布后上调预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZI":0.9},"content_text":"ZoomInfo Technologies Inc. (NASDAQ:ZI) reported better-than-expected earnings for its third quarter on Tuesday.\nOn Tuesday, the company reported revenueof $303.6 million, beating estimates of $299.4 million, and adjusted EPS of 28cents, exceeding the consensus of 22 cents.\nTotal revenue was down 3% on a year-over-year basis in the quarter. ZoomInfo ended the quarter with 1,809 customers generating $100,000 or more in annual contract value, marking an increase of 12 customers compared to the previous quarter.\nHenry Schuck, ZoomInfo founder and CEO said, \"Net revenue retention was stable for the third consecutive quarter and we again grew our $100k and million dollar customer cohorts.\"\nZoomInfo said it sees fourth-quarter revenue in the range of $296 million to $299 million versus estimates of $296.8 million and adjusted EPS of $0.22 – $0.23 (vs. consensus of $0.23), according to Benzinga Pro.\nThe company revised FY24 revenue outlook to $1.201 billion – $1.204 billion (from $1.190 – $1.205 billion) vs $1.198 billion estimate and adjusted EPS to $0.92 – $0.93 (from $0.86 – $0.88) vs. consensus of $0.88.\nZoomInfo shares dipped 16.9% to trade at $10.87 on Wednesday.\nThese analysts made changes to their price targets on ZoomInfo following earnings announcement.\n\nPiper Sandler analyst Brent Bracelin maintained ZoomInfo Technologies with a Neutral and raised the price target from $10 to $11.\nMizuho analyst Siti Panigrahi maintained ZoomInfo with a Neutral and raised the price target from $9 to $11.\nNeedham analyst Joshua Reilly reiterated the stock with a Buy and maintained a $15 price target. \n\nConsidering buying ZI stock? Here’s what analysts think: \n\nRead More: \n\nThis Caterpillar Analyst Turns Bearish; Here Are Top 5 Downgrades For Wednesday","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}