Zscaler Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Zscaler, Inc. ZS is projected to release financial results for its first quarter fiscal year 2024, after the closing bell on Nov. 27, 2023.

Analysts expect the company to post quarterly earnings at 49 cents per share, up from year-ago earnings of 29 cents per share. The company’s revenue might come in at $476.74 million for the latest quarter, according to data from Benzinga Pro.

Zscaler, during September, reported better-than-expected fiscal fourth-quarter results.

Zscaler shares fell 0.4% to close at $190.64 on Wednesday.

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.

• BTIG analyst Gray Powell maintained a Buy rating and raised the price target from $191 to $229 on Nov. 22, 2023. This analyst has an accuracy rate of 77%.
• Rosenblatt analyst Catharine Trebnick maintained a Buy rating and boosted the price target from $185 to $225 on Nov. 16, 2023. This analyst has an accuracy rate of 71%.
• Truist Securities analyst Joel Fishbein maintained a Buy rating and increased the price target from $175 to $205 on Nov. 13, 2023. This analyst has an accuracy rate of 74%.
• Jefferies analyst Joseph Gallo upgraded the stock from Hold to Buy and boosted the price target from $170 to $225 on Oct. 19, 2023. This analyst has an accuracy rate of 74%.
• Barclays analyst Saket Kalia upgraded the stock from Equal-Weight to Overweight and increased the price target from $176 to $190 on Oct. 9, 2023. This analyst has an accuracy rate of 76%.

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