Zuora, Inc. (ZUO) Tops Q3 EPS by 4c, Revenue Beat; 4Q EPS/Revenue Guidance, FY21 EPS Guidance Above Consensus, FY21 Revenue Guidance Below Consensus

Zuora, Inc. (NYSE: ZUO) reported Q3 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $77.2 million versus the consensus estimate of $73.92 million.

“In the third quarter, we exceeded expectations across our key financial metrics, including subscription revenue, income, and meeting our free cash flow target one quarter early,” said Tien Tzuo, founder and CEO of Zuora. “Our enterprise go-to-market initiatives are gaining traction, helping us land the largest deal in the company’s history. The demand for subscription business models remains strong and we have strengthened the foundation for Zuora to continue to lead the market.”

GUIDANCE:

Zuora, Inc. sees Q4 2021 EPS of ($0.06)-($0.05), versus the consensus of ($0.05). Zuora, Inc. sees Q4 2021 revenue of $239.2-240.2 million, versus the consensus of $296.96 million.

Zuora, Inc. sees FY2021 EPS of ($0.14)-($0.13), versus the consensus of ($0.16). Zuora, Inc. sees FY2021 revenue of $62-63 million, versus the consensus of $74.29 million.

For earnings history and earnings-related data on Zuora, Inc. (ZUO) click here.

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