Is Zscaler (ZS) Stock Worth Buying Ahead of Q3 Earnings?

Published on 28 May 2024 on Zacks via Yahoo Finance

Is Zscaler (ZS) Stock Worth Buying Ahead of Q3 Earnings?

Zscaler ZS is scheduled to release third-quarter fiscal 2024 results on May 30.

Zscaler, a leader in the zero-trust security model, has demonstrated strong financial performance and innovative advancements. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 28.2%.

For the third quarter, Zscaler projects total revenues between $534 million and $536 million. The Zacks Consensus Estimate is pegged at $535.6 million, which indicates growth of 27.9% from the year-ago quarter's level.

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Is Zscaler (ZS) Stock Worth Buying Ahead of Q3 Earnings?

NASDAQ.ZS price evolution

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