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Surging Earnings Estimates Signal Good News for Zoom Video Communications (ZM)
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Zoom Video Communications, Inc. (ZM - Free Report) is a cloud-native unified communications platform that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ZM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Zoom Video Communications could be a solid choice for investors.
Current Quarter Estimates for ZM
In the past 30 days, eight estimates have gone higher for Zoom Video Communications while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 11 cents a share 30 days ago, to 45 cents today, a move of 309.1%.
Current Year Estimates for ZM
Meanwhile, Zoom Video Communications’ current year figures are also looking quite promising, with 10 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from 43 cents per share 30 days ago to $1.2 per share today, an increase of 174.4%.
Zoom Video Communications, Inc. Price and Consensus
The stock has also started to move higher lately, adding 54.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Surging Earnings Estimates Signal Good News for Zoom Video Communications (ZM)
Zoom Video Communications, Inc. (ZM - Free Report) is a cloud-native unified communications platform that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ZM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Zoom Video Communications could be a solid choice for investors.
Current Quarter Estimates for ZM
In the past 30 days, eight estimates have gone higher for Zoom Video Communications while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 11 cents a share 30 days ago, to 45 cents today, a move of 309.1%.
Current Year Estimates for ZM
Meanwhile, Zoom Video Communications’ current year figures are also looking quite promising, with 10 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from 43 cents per share 30 days ago to $1.2 per share today, an increase of 174.4%.
Zoom Video Communications, Inc. Price and Consensus
Zoom Video Communications, Inc. price-consensus-chart | Zoom Video Communications, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 54.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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