ZI potential Buy setupReasons for bullish bias:
- Bullish candles at support
- Positive Earnings
Here are the recommended trading levels:
Entry Level(CMP): 12.80
Stop Loss Level: 11.43
Take Profit Level 1: 15.75
Take Profit Level 2: 18.93
Take Profit Level 3: Open
Safe entry will be above 19 at the breakout of consolidation phase.
Zoominfo
ZI, Zooming In massive price Growth!ZI is registering massive net buying volume this past few weeks with numbers surging +440% from its average numbers -- from 10.77M to 58.34M. This is hinting that buyers are already positioning of the company's future upside growth. This, not only in technical aspect but fundamentally as well. Based on recent earnings call, ZoomInfo beats Q1 earnings and revenue estimates cementing the current price range as the new base for the incoming series of ascend.
Mar 2023 EPS beat by 9.75%
Histogram shift has materialized this month after almost 11 months of waiting -- last one was on August 2022. This is conveying that a long term price reversal is already in play.
Bubble up volume (bottom indicator) finally appeared after 9 months. Last appearance was on October 2022. This should give some confidence for holders at the current discounted price.
MONTHLY DESCENDING TRENDLINE BREAK is about to materialize.
Spotted at 26.0
TAYOR
Safeguard capital always.
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FUNDAMENTAL / FINANCIAL REFERENCE:
From Y Finance.
ZoomInfo (ZI) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this company would post earnings of $0.22 per share when it actually produced earnings of $0.26, delivering a surprise of 18.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
ZoomInfo , which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $300.7 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 0.26%. This compares to year-ago revenues of $241.7 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ZoomInfo shares have lost about 27.2% since the beginning of the year versus the S&P 500's gain of 8.6%.
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Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 300.7M 24.41%
Net income 44.5M 617.74%
Diluted EPS 0.11 450%
Net profit margin 14.8% 475.88%
Operating income 66.4M 87.04%
Net change in cash 59.7M 30.66%
Cash on hand - -
Cost of revenue 35M 7.03%