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class="lazyload rounded-lg shadow mx-auto heroImage "data-src="https://assets.entrepreneur.com/providers/zacks/hero-image-zacks-381087.jpeg?auto=webp&quality=95&crop=16:9&width=675"/> - Zacks
Coming into today, shares of the cloud-based information security provider had gained 3.22% in the past month. In that same time, the Computer and Technology sector gained 3.07%, while the S&P 500 gained 2.85%.Investors will be hoping for strength from ZS as it approaches its next earnings release, which is expected to be September 9, 2021. The company is expected to report EPS of $0.09, up 80% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $187.84 million, up 49.21% from the year-ago period.
It is also important to note the recent changes to analyst estimates for ZS. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.End of Update
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