Wall Street analysts forecast that Zoom Communications (ZM) will report quarterly earnings of $1.50 per share in its upcoming release, pointing to a year-over-year decline of 2%. It is anticipated that revenues will amount to $1.27 billion, exhibiting an increase of 4.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Zoom metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Revenue- Online' will reach $492.94 million. The estimate indicates a change of +1.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Enterprise' of $774.78 million. The estimate suggests a change of +6% year over year.
According to the collective judgment of analysts, 'Enterprise Customers' should come in at 188,367 . Compared to the current estimate, the company reported 184,000 in the same quarter of the previous year.
The average prediction of analysts places 'Current Remaining performance obligation (RPO)' at $2.54 billion. Compared to the current estimate, the company reported $2.41 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Customers >$100K TTM Revenue' should arrive at 4,572 . Compared to the current estimate, the company reported 4,274 in the same quarter of the previous year.
Shares of Zoom have demonstrated returns of +25.2% over the past month compared to the Zacks S&P 500 composite's +3.5% change. With a Zacks Rank #3 (Hold), ZM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.Â
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.