ZoomInfo (ZI) Q3 Earnings and Revenues Top Estimates

Summary of Key Points Core Viewpoint - ZoomInfo reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and showing an increase from $0.26 per share a year ago, representing a 27.27% earnings surprise [1] Financial Performance - The company achieved revenues of $303.6 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.39%, although this is a decrease from $313.8 million in the same quarter last year [2] - Over the last four quarters, ZoomInfo has exceeded consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance and Outlook - ZoomInfo shares have declined approximately 31.6% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $297.3 million, and for the current fiscal year, it is $0.88 on revenues of $1.2 billion [7] - The estimate revisions trend for ZoomInfo is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Computer - Integrated Systems industry, to which ZoomInfo belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of stocks in this industry can be significantly influenced by the overall industry outlook [8]