Despite an incredible market rally that sent the major market indexes back to new highs, Zoom Video Communications (ZM - Free Report) has failed to participate in the move. Zoom, a Zacks Rank #3 (Hold) stock, faces increasing competition in the video-conferencing space. With a hybrid working environment looking to persist into the indefinite future, is now the time to buy?
Zoom is set to report fourth-quarter results on Monday after the bell. The Zacks Consensus Estimate calls for earnings of $1.15 per share, reflecting a -5.7% decline relative to the same quarter last year. The communications platform has exceeded the earnings mark in each of the past four quarters, delivering an average earnings surprise of 29.7% over that timeframe. Sales are anticipated to have risen a paltry 0.96% during the fourth quarter.
Zoom has faced increased competition from Microsoft Teams and Google Meet. The video-conferencing company has seen its stock widely underperform the market since its former peak in 2020 amidst the COVID-19 pandemic. ZM stock trades at just 13.4 times forward earnings. The former ‘stay-at-home’ play may have seen its best growth days in the past.
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Despite an incredible market rally that sent the major market indexes back to new highs, Zoom Video Communications (ZM - Free Report) has failed to participate in the move. Zoom, a Zacks Rank #3 (Hold) stock, faces increasing competition in the video-conferencing space. With a hybrid working environment looking to persist into the indefinite future, is now the time to buy?
Zoom is set to report fourth-quarter results on Monday after the bell. The Zacks Consensus Estimate calls for earnings of $1.15 per share, reflecting a -5.7% decline relative to the same quarter last year. The communications platform has exceeded the earnings mark in each of the past four quarters, delivering an average earnings surprise of 29.7% over that timeframe. Sales are anticipated to have risen a paltry 0.96% during the fourth quarter.
Zoom has faced increased competition from Microsoft Teams and Google Meet. The video-conferencing company has seen its stock widely underperform the market since its former peak in 2020 amidst the COVID-19 pandemic. ZM stock trades at just 13.4 times forward earnings. The former ‘stay-at-home’ play may have seen its best growth days in the past.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on ZM - FREE