ZoomInfo (ZI) Q3 Earnings and Revenues Top Estimates

Summary of Key Points Core Viewpoint - ZoomInfo reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of$0.22 per share, and showing an increase from $0.26 per share a year ago, representing a 27.27$303.6 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.39%, although this is a decrease from $313.8 million in the same quarter last year [2] - Over the last four quarters, ZoomInfo has exceeded consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance and Outlook - ZoomInfo shares have declined approximately 31.6$0.23 on revenues of $297.3 million, and for the current fiscal year, it is$0.88 on revenues of $1.2 billion [7] - The estimate revisions trend for ZoomInfo is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Computer - Integrated Systems industry, to which ZoomInfo belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of stocks in this industry can be significantly influenced by the overall industry outlook [8]