Zscaler (ZS) Stock: What Wall Street Expects from Earnings Today
TLDR
- Zscaler reports fiscal Q4 earnings on September 3 after market close
- Jefferies raised its price target on ZS to $220 from $200, maintaining a Buy rating
- Consensus Q4 ARR growth estimate sits at 24.2% year-over-year
- Previous Q3 guidance disappointed investors, calling for FY2027 ARR growth of just 16-17%
- Forward guidance will be the key market mover, not the headline numbers
Zscaler reports its fiscal fourth-quarter results today, September 3, after the closing bell. The stock is trading around $172.73 heading into the print, down over 3% on the day.
The setup is an interesting one. Zscalerโs last earnings report actually showed solid numbers, with 25% revenue and ARR growth in Q3, along with record adjusted operating margins. But the stock sold off anyway. The culprit was guidance, specifically a FY2027 ARR growth outlook of just 16-17%, which spooked investors.
That cautious call set a low bar going into todayโs report. Whether management raises that bar is the only thing that really matters tonight.
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