A Stock Rise in ZS has History on Its Side

28 August 2024, 10:14 AM

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By Dmitry Pargamanik

ZS Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, ZS stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.7% Gains
ZS is scheduled to report earnings on 3-Sep-2024. The last time Zscaler reported earnings on May 30, 2024, the stock increased by 8.5% to close at $169.96. At its current price of $195.21, ZS post earnings drift is +14.9%. Typically, traders tended to bid up ZS shares (heading into earnings) prior to its scheduled release.

ZS Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves ZS had for the last 12 quarters around earnings. The 2 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 2.7%. That was actually a better bullish play than holding ZS through earnings that saw a -1.0% decline.

ZS historical stock price movement before earnings

Go to ZS Historical Price Movements Around Earnings page



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