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Zoom Video Communications (ZM) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Zoom Video Communications (ZM - Free Report) closed at $66.55, marking a -1.48% move from the previous day. This change lagged the S&P 500's daily loss of 0.7%. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq lost 1.17%.
Heading into today, shares of the video-conferencing company had lost 3.14% over the past month, lagging the Computer and Technology sector's gain of 1.4% and the S&P 500's gain of 2.35% in that time.
Investors will be hoping for strength from Zoom Video Communications as it approaches its next earnings release, which is expected to be August 21, 2023. The company is expected to report EPS of $1.05, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.11 billion, up 1.25% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.28 per share and revenue of $4.48 billion, which would represent changes of -2.06% and +1.88%, respectively, from the prior year.
Any recent changes to analyst estimates for Zoom Video Communications should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 Zacks Consensus EPS estimate remained stagnant within the past month. Zoom Video Communications is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Zoom Video Communications is holding a Forward P/E ratio of 15.77. This represents a discount compared to its industry's average Forward P/E of 38.97.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Zoom Video Communications (ZM) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Zoom Video Communications (ZM - Free Report) closed at $66.55, marking a -1.48% move from the previous day. This change lagged the S&P 500's daily loss of 0.7%. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq lost 1.17%.
Heading into today, shares of the video-conferencing company had lost 3.14% over the past month, lagging the Computer and Technology sector's gain of 1.4% and the S&P 500's gain of 2.35% in that time.
Investors will be hoping for strength from Zoom Video Communications as it approaches its next earnings release, which is expected to be August 21, 2023. The company is expected to report EPS of $1.05, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.11 billion, up 1.25% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.28 per share and revenue of $4.48 billion, which would represent changes of -2.06% and +1.88%, respectively, from the prior year.
Any recent changes to analyst estimates for Zoom Video Communications should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 Zacks Consensus EPS estimate remained stagnant within the past month. Zoom Video Communications is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Zoom Video Communications is holding a Forward P/E ratio of 15.77. This represents a discount compared to its industry's average Forward P/E of 38.97.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.