ZoomInfo stock up 15% after beating analyst estimates

ZoomInfo Technologise (NASDAQ: ZI) up 15% after the leading software company recorded a beat-and-raise quarter.

ZoomInfo beats analyst estimates

ZoomInfo Technologies recorded $0.21 adjusted EPS in the quarter beating the $0.18 analyst consensus. The company brought in a total revenue of $267.1 million crushing the $54.4 analyst estimates.

In the same quarter, ZoomInfo reporting an adjusted EPS in the range of 19c and 20c, which is slightly higher than the consensus estimate of 19c. Total revenue the company is calling for is around $277 million to $279 million, which is also better than the $272.1 million analyst estimates.

On FY basis, the company expects an adjusted EPS of between 78c to 60c, better than the previous forecast 75c to 77c, as well as higher than the 76c analyst estimate.

The company’s Chief Executive Officer and Founder, Henry Schuck, said:

The company forecasts a third quarter EPS of between 19c to 22c, topping the analyst estimate of 19c.

Analyst comments and estimates

Kash Rangan, an analyst at Goldman Sachs, believes ZoomInfo stock have risen because of the de-risked 2H22 set up and plus 40% operating margin guide.

Mr. Rangan said:

Alex Zukin, an analyst from Wolfe Research, said: