![]() ![]() The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. These revisions typically reflect the latest short-term business trends, which can change frequently. ![]() It is also important to note the recent changes to analyst estimates for Zoom Video Communications. ![]() Meanwhile, our latest consensus estimate is calling for revenue of $1.1 billion, up 4.43% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $3.71 per share and revenue of $4.39 billion, which would represent changes of -26.82% and +7.04%, respectively, from the prior year. ![]() This would mark a year-over-year decline of 24.32%. In that report, analysts expect Zoom Video Communications to post earnings of $0.84 per share. Investors will be hoping for strength from Zoom Video Communications as it approaches its next earnings release. Heading into today, shares of the video-conferencing company had lost 12.32% over the past month, outpacing the Computer and Technology sector's loss of 13.29% and lagging the S&P 500's loss of 11.07% in that time. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.03%. This change was narrower than the S&P 500's daily loss of 0.65%. Zoom Video Communications ( ZM Quick Quote ZM - Free Report) closed the most recent trading day at $73.71, moving -0.01% from the previous trading session. ![]()
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