Zoom Video Communications Inc reports results for the quarter ended October 31 - Earnings Summary

Zoom Communications

25/11/2024 22:01

* Zoom Video Communications Inc  ZM.OQ  reported quarterly
adjusted earnings of $1.38​​ per share for the quarter ended
October 31, higher than the same quarter last year, when the
company reported EPS of $1.29.  The mean expectation of twenty
seven analysts for the quarter was for earnings of $1.31 per
share. Wall Street expected results to range from $1.29 
to $1.40 per share.
    * Revenue rose 3.6% to $1.18 billion from a year ago;
analysts
expected $1.16 billion. 
    * Zoom Video Communications Inc's reported EPS for the
quarter was
66 cents​.
    * The company reported quarterly net income of $207.05
million.
    * Zoom Video Communications Inc shares had risen by 23.1%
this
quarter and gained 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 20
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Zoom Video
Communications Inc is $76.00 
This summary was machine generated from LSEG data November 25 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      1.31           1.38           Beat
 Jul. 31 2024      1.21           1.39           Beat
 Apr. 30 2024      1.20           1.35           Beat
 Jan. 31 2024      1.15           1.42           Beat