For the quarter ended January 2024, Zoom Video Communications (ZM - Free Report) reported revenue of $1.15 billion, up 2.6% over the same period last year. EPS came in at $1.42, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $1.15, the EPS surprise was +23.48%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zoom Video performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Enterprise Customers: 220,400 versus 222,590 estimated by four analysts on average.
- Customers >$100K TTM Revenue: 3,810 versus 3,879 estimated by three analysts on average.
- Remaining Performance Obligations (RPO): $3.57 billion compared to the $3.61 billion average estimate based on three analysts.
- Current Remaining performance obligation (RPO): $2.08 billion compared to the $1.83 billion average estimate based on two analysts.
- Non-Current Remaining performance obligation (RPO): $1.50 billion compared to the $1.81 billion average estimate based on two analysts.
View all Key Company Metrics for Zoom Video here>>>Shares of Zoom Video have returned -6.4% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended January 2024, Zoom Video Communications (ZM - Free Report) reported revenue of $1.15 billion, up 2.6% over the same period last year. EPS came in at $1.42, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $1.15, the EPS surprise was +23.48%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zoom Video performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Enterprise Customers: 220,400 versus 222,590 estimated by four analysts on average.
- Customers >$100K TTM Revenue: 3,810 versus 3,879 estimated by three analysts on average.
- Remaining Performance Obligations (RPO): $3.57 billion compared to the $3.61 billion average estimate based on three analysts.
- Current Remaining performance obligation (RPO): $2.08 billion compared to the $1.83 billion average estimate based on two analysts.
- Non-Current Remaining performance obligation (RPO): $1.50 billion compared to the $1.81 billion average estimate based on two analysts.
View all Key Company Metrics for Zoom Video here>>>Shares of Zoom Video have returned -6.4% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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