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Seeking Clues to Zoom (ZM) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Wall Street analysts expect Zoom Communications (ZM - Free Report) to post quarterly earnings of $1.41 per share in its upcoming report, which indicates a year-over-year decline of 1.4%. Revenues are expected to be $1.22 billion, up 4.2% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Zoom metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Current Remaining performance obligation (RPO)' will reach $2.51 billion. Compared to the current estimate, the company reported $2.36 billion in the same quarter of the previous year.
Analysts' assessment points toward 'Enterprise Customers' reaching 186,826 . Compared to the present estimate, the company reported 182,600 in the same quarter last year.
The average prediction of analysts places 'Customers >$100K TTM Revenue' at 4,527 . The estimate is in contrast to the year-ago figure of 4,192 .
Shares of Zoom have experienced a change of +13.8% in the past month compared to the +5.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ZM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to Zoom (ZM) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts expect Zoom Communications (ZM - Free Report) to post quarterly earnings of $1.41 per share in its upcoming report, which indicates a year-over-year decline of 1.4%. Revenues are expected to be $1.22 billion, up 4.2% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Zoom metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Current Remaining performance obligation (RPO)' will reach $2.51 billion. Compared to the current estimate, the company reported $2.36 billion in the same quarter of the previous year.
Analysts' assessment points toward 'Enterprise Customers' reaching 186,826 . Compared to the present estimate, the company reported 182,600 in the same quarter last year.
The average prediction of analysts places 'Customers >$100K TTM Revenue' at 4,527 . The estimate is in contrast to the year-ago figure of 4,192 .
View all Key Company Metrics for Zoom here>>>Shares of Zoom have experienced a change of +13.8% in the past month compared to the +5.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ZM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .