Zscaler Inc ZS is set to announce its first-quarter earnings on Monday, with Wall Street predicting an earnings per share (EPS) of 63 cents and revenues reaching $606.20 million, reported after market hours.

Over the past year, the stock has increased by 2.56%, while it has surged by 24.69% in the last six months.

This report takes a closer look at the current performance of Zscaler stock in relation to Wall Street’s expectations.

Check Out: Your Gains from Owning Zscaler Stock Over the Last 5 Years

Zscaler’s Stock Faces Mixed Signals Ahead of Q1 Earnings

As Zscaler approaches its earnings announcement, the stock reflects a moderately bullish trend, though some selling pressure is present.

Chart created using Benzinga Pro

Currently priced at $204.96, the stock is slightly below its eight-day simple moving average (SMA) of $206.77, which indicates potential resistance in the short term.

Nevertheless, Zscaler remains above important support levels: the 20-day SMA at $201.27, the 50-day SMA at $189.44, and the 200-day SMA at $187.77, suggesting a positive long-term outlook.

The moving average convergence/divergence (MACD) indicator is also favorable at 5.39, further supporting this bullish trend.

Additionally, the relative strength index (RSI) at 57.45 implies that Zscaler is not yet overbought, leaving room for further growth as it heads into earnings.

Analysts Predict a 17% Upside for Zscaler

Zscaler Analyst Ratings and Consensus: Currently, analysts have a consensus rating of Buy for Zscaler stock, predicting a price target of $219.85. Notably, analysts from BTIG, Jefferies, and Keybanc have an average target of $242.67, suggesting a potential upside of 17.37%.

Current ZS Price Movement: As of Friday’s publication, Zscaler stock had risen by 0.7%, reaching a price of $206.41.

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