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Does Zuora (ZUO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Zuora (ZUO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Zuora, Inc. (NYSE:ZUO ) Q1 2024 Earnings Conference Call May 24, 2023 5:00 PM ET Company Participants Luana Wolk - Vice President, Investor Relations Tien Tzuo - Founder and CEO Todd McElhatton - Chief Financial Officer Robbie Traube - President and CRO Conference Call Participants Joseph Vafi - Canaccord Josh Reilly - Needham & Company Adam Hotchkiss - Goldman Sachs Chad Bennett - Craig-Hallum Andrew DeGasperi - Berenberg Luv Sodha - Jefferies Jacob Stephan - Lake Street Capital Markets Nick Mattiacci - Craig-Hallum Operator Hello. And welcome to the Zuora Fiscal Year 2024 Q1 Earnings Call.
Shares of Zuora, already up 40% year to date, have more steam left for a continued rally. The company has executed steady mid-teens revenue growth and is still expecting 12-15% y/y growth in ARR in the current fiscal year.
There continues to be clear demand for the predictability and resiliency of the recurring revenue model, even amid economic uncertainty.
The mean of analysts' price targets for Zuora (ZUO) points to a 30.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Zuora (ZUO) delivered earnings and revenue surprises of 33.33% and 3.35%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?
Zuora (ZUO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Zuora is a software company that has developed a subscription solution for large organizations. The company reported solid financial results for Q3 FY23, as it beat revenue expectations and non-GAAP earnings.
Zuora (ZUO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.