ZoomInfo Technologies Q1 Adj $0.26 Beats $0.23 Estimate, Sales $310.10M Beat $308.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
ZoomInfo Technologies (ZI) reported Q1 earnings of $0.26 per share, surpassing the $0.23 estimate, and sales of $310.10M, exceeding the $308.74M estimate. This represents a year-over-year earnings increase of 8.33% and a sales increase of 3.13%.
May 07, 2024 | 8:10 pm
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POSITIVE IMPACT
ZoomInfo Technologies exceeded Q1 earnings and sales estimates, showing significant year-over-year growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported year-over-year growth in earnings and sales further strengthens the case for a positive impact on ZoomInfo's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100