ZscalerZS Inc. is set to announce reported its earnings after the close on Tuesday. The stock hit a record high near $376.11 per share in 2021 and is currently trading near $160 per share. The stock is prone to big moves after earnings are reported and could easily rally if the numbers are strong. Conversely, if the numbers disappoint, the stock could easily fall. And to help you prepare, here’s what the street can expect:

Gallery: 8 Simple Rules to Beat Hackers and Internet Thieves

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Earnings preview

The company is expected to report earnings of $0.49 per share on revenue of $430.38 million. Meanwhile, the so-called Whisper figure is earnings of $0.52 per share. The Whisper Number is the street’s unofficial view on earnings.

A closer look at the basics

The company is considered a leader in the field of cyber security. The company’s profits are expected to grow by 137% in 2023 compared to 2022, and then by another 29% in 2024 compared to 2023! And that’s very strong growth especially in this environment. The company has a market capitalization of $23 billion, and if it can continue to grow at the rate it is expected to grow, the share price can easily go up. The company earned $0.30 per share in 2020 and is expected to earn $2.10 per share in 2024! And that’s very impressive growth.

A closer look at the technologies

Technically, the stock is recovering from a very steep bear market through most of 2022 and early 2023. The stock bottomed out in May 2023 near $84 a share and is currently trading near $160 a share! This is a big step in the last few months. The bulls want to see the stock break out higher after the earnings announcement and the bears want to see a gap down. Other stocks in this group rose after an earnings announcement recently which suggests that this stock can easily move higher and higher as well.

Pay attention to how the stock reacts to the news

From where I sit, the most important characteristic I look for during earnings season is how the market and a particular company react to the news. Remember, always keep your losses small and never argue with the bar.

Disclaimer: The stock has been offered in my account FindLeadingStocks.com report

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