ZoomInfo Shares Surge 13 percent on Q4 Beat

ZoomInfo Technologies’ (NASDAQ:ZI) shares surged more than 13% intra-day today following the announcement of its fourth-quarter results that exceeded expectations.
The company, specializing in software and data, reported earnings per share (EPS) of $0.26, beating the consensus estimate of $0.25. ZoomInfo also outperformed revenue forecasts, recording $316.4 million versus the expected $310.68 million. The adjusted operating income margin for the quarter was reported at 40%, with unlevered free cash flow reaching $126 million.
Looking ahead to the next quarter, ZoomInfo anticipates an EPS between $0.23 and $0.24, in line with the consensus estimate of $0.23. The company’s projected revenue for the first quarter is set between $307 million and $310 million, closely matching analysts’ expectations of $308.7 million.
For the entire year of 2024, ZoomInfo expects an EPS range of $0.99 to $1.01, compared to the analysts’ forecast of $0.99. The company’s predicted annual revenue is between $1.26 billion and $1.28 billion, compared to the consensus estimate of $1.27 billion.

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