Zuora Inc (NYSE: ZUO) stock rebounds post a slight weakness on earnings

Free $100 Forex No-Deposit Bonus

Zuora Inc (NYSE: ZUO) stock fell over 1.3% on December 6th, 2019 but recovered over 1.1% on December 9th, 2019 (as of 11:33:24; Source: Google finance). The company posted decent results for the third quarter of FY 20. The company has reported the Non-GAAP net loss of $6.5 million, compared to a non-GAAP net loss of $9.5 million in the third quarter of fiscal 2019. The customers with ACV equal to or more than $100,000 was 586, which is a growth of 16% year-over-year. The company has generated Net cash provided by operating activities of $3.5 million, compared to net cash used in operating activities of $6.4 million in the third quarter of fiscal 2019. Free cash flow was negative $5.1 million compared to negative $10.3 million in the third quarter of fiscal 2019. Cash and cash equivalents and short-term investments stood at $170.4 million as of October 31, 2019.

ZUO in the third quarter of FY 20 has reported the adjusted loss per share of 6 cents, beating the analysts’ estimates for the adjusted loss per share of 9 cents, according to Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 17 percent to $71.82 million in the third quarter of FY 20, beating the analysts’ estimates for revenue by 2.60%.

For the fourth quarter 2020, the company expects the total revenue to be in the range of $71-72.5M with a loss per share is expected to be in the range of $0.11-0.09. Subscription revenue is expected to be in the range of $54.0M – $55.0M for the fourth quarter. Non-GAAP loss from operations is expected to be in the range of $(11.0M) – $(10.0M) for the fourth quarter. For the fourth quarter 2020, the company expects the Non-GAAP net loss per share to be in the range of $(0.11) – $(0.09).

For FY20, the company expects the total revenue to be in the range of $206-207M with a loss per share is expected to be in the range of $0.37-0.35. Subscription revenue is expected to be in the range of $206.0M – $207.0M for the FY 20. Non-GAAP loss from operations is expected to be in the range of $(40.8M) – $(39.8M) for the fourth quarter

The current consensus EPS estimate is -$0.10 on $71.90 million in revenues for the coming quarter and -$0.39 on $275.90 million in revenues for the current fiscal year.

Copyright © 2020. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.