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Zoominfo stock forecast
ZI | ZoomInfo Technologies Inc. Analyst Estimates & Rating – WSJ
ZI : ZoomInfo Technologies stock forecast , - - - 7 days forecast
Can ZoomInfo keep up its strong string of results and deliver a good ZI stock forecast? ZoomInfo has beaten industry revenue expectations for the fourth quarter in a row. The electronic information company had earnings per share that were also better than predicted, which was good news for the ZI stock price. However, all was not as it seemed, with the unadjusted figures telling quite another story.
But what about the future? What sort of ZI stock forecast is there? In this article, we'll take a look. Over the course of the past few months, ZoomInfo has been busy.
The company bought data-orchestration businesses RingLead and chorus. When the ZoomInfo quarterly earnings update came out on 1 November, it represented good news for the company and for its shareholders. Most notably this was, according to Nasdaq , better than the Zacks Consensus Estimate for revenues by 7. This is because the adjusted earnings that ZoomInfo quoted were far lower than the unadjusted figures. That said, ZoomInfo did address this issue in its original press release.
We believe these non-GAAP measures are useful to investors in evaluating our operating performance because they eliminate certain items that affect period-over-period comparability and provide consistency with past financial performance and additional information about our underlying results and trends by excluding certain items that may not be indicative of our business, results of operations, or outlook.
The company was also unfazed by the conflicting news about its earnings per share, and said it was revising its own predictions upwards. You voted bearish. You voted bullish. There was also some discrepancy when it came to the overall operating income of the business.
The team is executing well across every area of the business. Adoption of new products and new features and functionality is exceeding expectations. Prospects and customers tell us they want a one-stop shop, a unified platform, and they want their investments across the sales tech stack to be integrated.
This further reinforces the competitive moat that we are building with our unified platform. The stock markets seemed unconcerned by the discrepancies between adjusted and unadjusted figures, and appeared to react well to the company revising its own forecasts upwards.
This ZoomInfo stock news should be taken into context. The company has enjoyed a lot of growth over the last 12 months. This is encouraging for a fairly new company which only started trading on the stock market last summer. Whether it can continue to blossom is another matter. Sooner or later, the markets will be more interested in real, rather than hypothetical, figures. The question is, can ZoomInfo catch up? When CNN Money asked 16 experts for their ZI stock predictions for the next year, the overall consensus seemed to be optimistic.
In terms of stock market recommendations, the American news giant polled 17 analysts and the overwhelming majority were upbeat about ZoomInfo. That means there was no one who thought that the stock would underperform against expectations, nor was there anyone who thought that the best thing to do would be to sell stock in ZoomInfo.
That said, you will need to do your own research, always remembering that prices can go down as well as up, and that you should never invest more money than you can afford to lose. As ever, you should make sure you do your own research before investing. This is entirely a matter for you to decide. ZoomInfo has certainly done well over the past 12 months, but you will need to do your own research, remembering that prices can go down as well as up, and that you should never invest more money than you can afford to lose.
Refer a friend and get a two-way bonus. By using the Currency. ZI stock forecast: What is ZoomInfo doing? By Peter Henn. ZoomInfo Technologies Inc. Quarterly results Over the course of the past few months, ZoomInfo has been busy. ZoomInfo quarterly report When the ZoomInfo quarterly earnings update came out on 1 November, it represented good news for the company and for its shareholders.
What is your sentiment on ZI? Vote to see community's results! Why not give ZI a try? Start trading Try Demo. Start trading. Is ZoomInfo a good stock to buy? Will ZI stock go up? Should I buy ZoomInfo stock? ZoomInfo stock more than doubles in three days of trading. The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice.
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