Gear Up for Zoom Video ZM Q3 Earnings: Wall Street Estimates for Key Metrics November 20, 2024

This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction). Analysts predict that the ‘Enterprise Customers’ will reach 196,459. Compared to the current estimate, the company reported 219,700 in the same quarter of the previous year. However, Zoom has rapidly turned into a value stock that returns a respectable level of free-cash-flow growth.

This is why it’s worth checking a company’s Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure paypal stock has 65 million reasons to own it for 2021 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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Analyst Observations about Zoom Video Comms

Analysts have given Zoom Video Comms a total of 6 ratings, with the consensus rating being Buy. The average one-year price target is $83.17, indicating a potential 2.43% upside. It’s important for new investors to understand that guidance can be a significant driver of stock prices.

Stock Ideas and Recommendations

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.

1. The Internet – Software industry is part of the Computer and Technology sector.
2. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
3. Rivals also include bundled productivity solution providers with video functionality such as Alphabet Inc.’s (GOOGL) Google G Suite and Microsoft Inc.’s (MSFT) Microsoft Teams.

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.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.10% per year. These returns cover a period from January 1, 1988 through October 7, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month forex trading blog Zacks Rank stock prices plus any dividends received during that particular month.

ZM Stock Analysis – Frequently Asked Questions

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.

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. Analysts on Wall Street project that Zoom Video Communications (ZM Quick QuoteZM – Free Report) will announce quarterly earnings of $1.31 per share in its forthcoming report, representing an increase of 1.6% year over year.

For Zoom Video, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company’s earnings prospects. The latest trading session saw Zoom Video Communications (ZM) ending at $77.75, denoting a -1.49% adjustment from its last day’s close. Elsewhere, the Dow saw a downswing of 0.28%, while the tech-heavy Nasdaq appreciated by 1.04%. Zoom Video is graded C on this front, indicating futures and options trading tags that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

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. 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%.