As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook. The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Admittedly, the company’s results have come nowhere close to matching that expected growth.
Tracking Zoom Video Comms’s Stock Performance
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Revenues for the quarter are expected to be $354.24 million, up 14.1% from the year-ago quarter. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it’s worth taking a look at the surprise history for gauging its influence on the upcoming number. This video-conferencing company is expected to post quarterly earnings of $1.31 cryptocurrency converter and calculator tool per share in its upcoming report, which represents a year-over-year change of +1.6%. For the current fiscal year, the consensus earnings estimate of $5.34 points to a change of +2.5% from the prior year.
Zoom Video best js framework for net mvc developer Communications, Inc. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. The company was incorporated in 2011 and is headquartered in San Jose, California. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock’s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward.
Zoom: Heavy Dose of AI at Investor Day With Stepped-Up Long-Term Margin Targets
This is why it’s worth checking a company’s Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they’ve reported. The investment community will be closely monitoring the performance of Zoom Video Communications in its forthcoming earnings report. The company is scheduled to release its earnings on November 25, 2024. The company is forecasted to report an EPS of $1.31, showcasing a 1.55% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.16 billion, indicating a 2.34% upward movement from the same quarter last year.
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- The consensus estimate for ‘Remaining Performance Obligations (RPO)’ stands at $3.76 billion.
- And yet the business performed solidly throughout the past few years even as the stock fell.
- These returns cover a period from January 1, 1988 through October 7, 2024.
AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after acquiring an additional 2,520,987 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Zoom Video Communications by 96.7% during the 2nd quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock valued at $310,566,000 after buying an additional 2,579,720 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Zoom Video Communications by 60.9% in the 2nd quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock worth $290,153,000 after acquiring an additional 1,855,679 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Zoom Video Communications by 24.0% in the 2nd quarter.
The U.S. government has been increasing its scrutiny of Zoom on several fronts. In 2020, the United States charged a China-based Zoom executive with conspiring to disrupt videoconference commemorations of the 1989 Tiananmen Square democracy protests. Zoom is also the focus of several ongoing federal investigations related to its dealings with Beijing, according to the Journal. Meetings on the platform can host as many as 1,000 participants, while webinars can scale up to as many as 50,000.
If Zoom can start monetizing some of the AI potential Ark Invest sees, it could inspire another bull market in its stock. During that period, its net income of $339 million surged 63% higher. Still, operating income fell during that period, and much of the gain came from $114 million in “other income,” which consists of income from interest, foreign currency, and marketable securities. Unfortunately for Zoom bulls, that “increase” is likely a one-time event. Sort by estimates, projected upside, profit surprises, and more to easily find new stocks to invest in or check up on your portfolio. The company’s EPS beat by $0.18 in the last quarter, leading to a 12.97% increase in the share price on the following day.
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Zoom Video Communications Inc. (ZM) offers a video-first communications platform used by millions of people worldwide for both business and personal use. The Market sentiment blog platform connects people via video, phone, chat, and content sharing and can be integrated across a broad range of devices. Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can. For the last reported quarter, it was expected that Zoom Video would post earnings of $1.21 per share when it actually produced earnings of $1.39, delivering a surprise of +14.88%.
In the first nine months of 2023, revenue of $3.4 billion increased by only 3% yearly. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors.