Recap: Zscaler Q1 Earnings - Zscaler (NASDAQ:ZS)

Zscaler ZS reported its Q1 earnings results on Tuesday, November 30, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Zscaler beat estimated earnings by 16.67%, reporting an EPS of $0.14 versus an estimate of $0.12, which surprised analysts.

Revenue was up $87,939,000 from the same period last year.

Last quarter the company beat on EPS by $0.05, which was followed by a 3.42% drop in the share price the next day.

Here's a look at Zscaler's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.09	0.07	0.08	0.06
EPS Actual	0.14	0.15	0.10	0.14
Revenue Estimate	186.82M	163.71M	147.35M	132.31M
Revenue Actual	197.07M	176.40M	157.04M	142.58M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Zscaler management provided guidance for their next quarter, expecting earnings between $0.12 and $0.12 per share for the nextquarter.

This represents a -14.29% in quarter-over-quarter growth for Zscaler, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.