ZoomInfo Sees Q3 GAAP Revenue $298M - $301M Vs $307.7M Est; Non-GAAP Adj. Net Income Per Share $0.21 - $0.22 Vs $0.23 Est.
Portfolio Pulse from Benzinga Newsdesk
ZoomInfo has announced its Q3 GAAP revenue forecast to be between $298M and $301M, which is below the estimated $307.7M. Additionally, the company expects its non-GAAP adjusted net income per share to be between $0.21 and $0.22, also below the estimated $0.23.
August 05, 2024 | 8:10 pm
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NEGATIVE IMPACT
ZoomInfo's Q3 revenue and non-GAAP EPS forecasts are both below analyst estimates, which could negatively impact the stock price in the short term.
The lower-than-expected revenue and EPS forecasts suggest that ZoomInfo may be facing challenges, which could lead to a negative reaction from investors and a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100