ZoomInfo Sees Flat Q4 Revenue at $309.3M, EPS of $0.28
ZoomInfo added 3 enterprise customers paying more than $100,000 annually to reach 1,887, and posted $318 million in Q3 revenue, beating consensus by 4.7% with upgraded EPS guidance. Analysts project flat Q4 revenue of $309.3 million and adjusted EPS of $0.28, while shares dropped 28.8% in the past month versus an 18.7% peer decline.
1. Q3 Performance Highlights
ZoomInfo reported Q3 revenue of $318 million, marking a 4.7% year-over-year increase and beating analysts’ forecasts by the same margin. The company added three new enterprise clients each paying over $100,000 annually, bringing its total to 1,887, and raised both next-quarter and full-year EPS guidance above prior expectations.
2. Q4 Earnings Expectations
Analysts forecast flat Q4 revenues of $309.3 million, reversing a 2.3% decline from the same period last year, with adjusted earnings per share projected at $0.28. Consensus estimates have remained stable over the past 30 days, reflecting confidence in ZoomInfo’s revenue stability despite broader economic uncertainty.
3. Stock Movement and Analyst Sentiment
ZoomInfo’s shares have fallen 28.8% over the past month, outpacing an 18.7% average decline among sales and marketing software peers. The average analyst price target stands at $11.89 versus the current share price of $7.35, indicating significant upside potential in the view of market watchers.