Zoom Video Communications (ZM) Set to Announce Quarterly Earnings on Monday

Zoom Video Communications (NASDAQ:ZMGet Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, May 20th. Analysts expect Zoom Video Communications to post earnings of $1.19 per share for the quarter. Zoom Video Communications has set its Q1 guidance at $1.18-1.20 EPS and its FY25 guidance at $4.85-4.88 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Zoom Video Communications (NASDAQ:ZMGet Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, analysts expect Zoom Video Communications to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Zoom Video Communications Trading Up 1.4 %

Zoom Video Communications stock opened at $61.97 on Monday. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 30.38 and a beta of -0.05. The firm has a 50 day simple moving average of $63.89 and a 200 day simple moving average of $65.71. Zoom Video Communications has a 1-year low of $58.87 and a 1-year high of $75.90.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZM. Jefferies Financial Group began coverage on Zoom Video Communications in a research note on Tuesday, March 19th. They set a “hold” rating and a $70.00 price objective for the company. BNP Paribas downgraded Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a research report on Thursday, January 18th. Mizuho decreased their price objective on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Wedbush reiterated a “neutral” rating and set a $80.00 target price on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Finally, Rosenblatt Securities raised shares of Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Zoom Video Communications has an average rating of “Hold” and an average price target of $77.56.

Check Out Our Latest Report on ZM

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, CFO Kelly Steckelberg sold 5,007 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $59.36, for a total value of $297,215.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $59.36, for a total transaction of $297,215.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric S. Yuan sold 27,963 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $61.98, for a total transaction of $1,733,146.74. Following the completion of the transaction, the chief executive officer now owns 95,140 shares of the company’s stock, valued at $5,896,777.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,163 shares of company stock valued at $6,038,858. Corporate insiders own 10.78% of the company’s stock.

Zoom Video Communications Company Profile

(Get Free Report)

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.

See Also

Earnings History for Zoom Video Communications (NASDAQ:ZM)

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