The options market is pricing a — move for ZS's 2026-09-01 · after close report. Over its last 8 reports, ZS has actually moved ±11.8% on average (biggest: ±31.5%). That's a 1.41× realized-vs-implied ratio, so the options look underpriced — ZS has historically moved more than the market prices in, which favors buying premium (long straddle/strangle) into the print. It has exceeded the implied move in 63% of those prints, beaten EPS estimates 0% of the time (8 quarters), and the 1-day reaction has been negative 25% of the time (avg -8.6%).
This is a data-driven edge, not a prediction of direction — earnings are binary events and any single print can gap either way. Position and size accordingly.
| Report | Est EPS | Actual | Result | Implied | 1d move | 1w move |
|---|---|---|---|---|---|---|
| 2026-05-26 | 1.00 | -0.03 | miss | ±11.6% | -31.5% | -21.9% |
| 2026-02-26 | 0.89 | -0.08 | miss | ±8% | -12.2% | -3.2% |
| 2025-11-25 | 0.85 | -0.01 | miss | ±7.2% | -13% | -16.6% |
| 2025-09-02 | 0.80 | -0.04 | miss | ±8.8% | -1.5% | +2.8% |
| 2025-05-29 | 0.75 | 0.00 | miss | ±5.4% | +9.8% | +19.8% |
| 2025-03-05 | 0.69 | -0.06 | miss | ±9% | +2.9% | +0.7% |
| 2024-12-02 | 0.63 | -0.04 | miss | ±8.7% | -4.7% | -1.1% |
| 2024-09-03 | 0.69 | -0.05 | miss | ±8.3% | -18.7% | -19.3% |
Historical implied vs actual moves & EPS beats/misses via Unusual Whales.
ZS is scheduled to report on 2026-09-01, after the close. Dates can shift until the company confirms.
The expected move is the size of the post-earnings swing the options market is pricing in (from the ATM straddle). We show ZS's live.
Over its last 8 reports, ZS has beaten EPS estimates 0% of the time. A beat doesn't guarantee an up move — the reaction depends on guidance and how much was already priced in.
Over the last 8 reports, ZS moved ±11.8% on average versus a ±8.4% implied move — a 1.41× ratio, so the options have been cheap (it moves more than priced). It exceeded the implied move 63% of the time.
Expected moves, gamma levels and the day's setups before the open — free.
See ZS's positioning too: ZS gamma exposure → · ZS options flow →
The premium earnings board ranks every upcoming report by the biggest realized-vs-implied edge — where the options are mispriced vs how the stock actually moves — with the play on each.
Data via Unusual Whales · refreshes each session · educational, not financial advice · earnings are binary events with substantial risk.
