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Ahead of Zoom (ZM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Zoom Communications (ZM - Free Report) will report quarterly earnings of $1.50 per share in its upcoming release, pointing to a year-over-year decline of 2%. It is anticipated that revenues will amount to $1.27 billion, exhibiting an increase of 4.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Zoom metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Revenue- Online' will reach $492.94 million. The estimate indicates a change of +1.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Enterprise' of $774.78 million. The estimate suggests a change of +6% year over year.
According to the collective judgment of analysts, 'Enterprise Customers' should come in at 188,367 . Compared to the current estimate, the company reported 184,000 in the same quarter of the previous year.
The average prediction of analysts places 'Current Remaining performance obligation (RPO)' at $2.54 billion. Compared to the current estimate, the company reported $2.41 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Customers >$100K TTM Revenue' should arrive at 4,572 . Compared to the current estimate, the company reported 4,274 in the same quarter of the previous year.
Shares of Zoom have demonstrated returns of +25.2% over the past month compared to the Zacks S&P 500 composite's +3.5% change. 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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Ahead of Zoom (ZM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Zoom Communications (ZM - Free Report) will report quarterly earnings of $1.50 per share in its upcoming release, pointing to a year-over-year decline of 2%. It is anticipated that revenues will amount to $1.27 billion, exhibiting an increase of 4.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Zoom metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Revenue- Online' will reach $492.94 million. The estimate indicates a change of +1.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Enterprise' of $774.78 million. The estimate suggests a change of +6% year over year.
According to the collective judgment of analysts, 'Enterprise Customers' should come in at 188,367 . Compared to the current estimate, the company reported 184,000 in the same quarter of the previous year.
The average prediction of analysts places 'Current Remaining performance obligation (RPO)' at $2.54 billion. Compared to the current estimate, the company reported $2.41 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Customers >$100K TTM Revenue' should arrive at 4,572 . Compared to the current estimate, the company reported 4,274 in the same quarter of the previous year.
View all Key Company Metrics for Zoom here>>>Shares of Zoom have demonstrated returns of +25.2% over the past month compared to the Zacks S&P 500 composite's +3.5% change. 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 >>>> .