Zscaler Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Zscaler, Inc. ZS is expected to report fourth quarter earnings results, after the closing bell on Sept. 5, 2023.

Analysts expect the company to post quarterly earnings at 49 cents per share, up from year-ago earnings of 25 cents per share. The company’s revenue might come in at $430.38 million, compared to $318.06 million in the year-ago period.

Zscaler shares gained 6% to close at $156.05 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Barclays analyst Saket Kalia maintained an Equal-Weight rating and increased the price target from $145 to $160 on Aug. 25, 2023. This analyst has an accuracy rate of 71%.
• Canaccord Genuity analyst Michael Walkley maintained a Buy rating and raised the price target from $160 to $172 on Aug. 22, 2023. This analyst has an accuracy rate of 78%.
• BTIG analyst Gray Powell upgraded the stock from Neutral to Buy with a price target of $185 on July 25, 2023. This analyst has an accuracy rate of 71%.
• Needham analyst Alex Henderson reiterated a Strong Buy rating with a price target of $210 to $140 on July 13, 2023. This analyst has an accuracy rate of 75%.
• BMO Capital analyst Keith Bachman maintained an Outperform rating and boosted the price target from $150 to $175 on June 16, 2023. This analyst has an accuracy rate of 76%.

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