In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.34 per share and a revenue of $4.64 billion, indicating changes of +2.5% and +2.43%, respectively, from the former year. 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 communications platform hasn’t missed the earnings mark in several years. Zoom has delivered an average earnings surprise of 17.8% over the past four quarters. Understanding market sentiments and expectations within the industry is crucial for investors.
Revisions to Earnings Estimates
Pacer Advisors Inc. lifted its stake in Zoom Video Communications by 4.4% in the 3rd quarter. Pacer Advisors Inc. now owns 5,480,179 shares of the company’s stock valued at $382,188,000 after acquiring an additional 233,241 shares in the last quarter. CA grew its position in Zoom Video Communications by 0.7% in the third quarter. CA now owns 1,289,150 shares of the company’s stock valued at $89,905,000 after purchasing an additional asset pricing and portfolio choice theory 8,625 shares in the last quarter. Holding AG bought a new stake in Zoom Video Communications during the third quarter worth about $443,000. Finally, Banque Cantonale Vaudoise increased its holdings in Zoom Video Communications by 22.2% during the third quarter.
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Sales are anticipated to have risen 2.34% to $1.16 billion during the third quarter. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. It’s important for new investors to understand that guidance can be a significant driver of stock prices.
The Zacks Consensus Estimate remained unchanged over the last the benefits of forex trading 30 days. Shares of Zoom Video Comms were trading at $81.2 as of November 21. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Zoom even initiated new growth efforts, building out an artificial intelligence (AI)-driven communications ecosystem.
Zoom Video Communications (ZM) Maintains Strong Enterprise Position: AI Revenue Streams Boost Optimism
Banque Cantonale Vaudoise now owns 5,253 shares of the company’s stock worth $366,000 after buying an additional 956 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock. Zoom Video Communications Inc. (ZM) offers a video-first communications platform used by millions of people worldwide for both business and personal use. The platform connects people via video, phone, chat, and content sharing and can be integrated across a broad range of devices.
ZM’s industry had an average PEG ratio of 2.41 as of yesterday’s close. Cryptocurrency brokers In the case of Zoom Video, the consensus sales estimate of $1.16 billion for the current quarter points to a year-over-year change of +2.3%. The $4.64 billion and $4.76 billion estimates for the current and next fiscal years indicate changes of +2.4% and +2.7%, respectively. While earnings growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues. After all, it’s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. For the next fiscal year, the consensus earnings estimate of $5.24 indicates a change of -1.8% from what Zoom Video is expected to report a year ago.
- The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988.
- 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.
- Zoom’s latest fiscal year (FY) was FY 2021, which ended Jan. 31, 2021.
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Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Zoom Video Communications (ZM) has recently been on Zacks.com’s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future. Zoom’s expanding international footprint is a major growth driver. The company maintains a strong balance sheet and generates significant cash flow. 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.