The distant working pattern continues to learn Zoom Video Communications ZM, which has staged a exceptional turnaround this yr amid sturdy demand for its video platform. Zoom, a Zacks Rank #2 (Purchase), has established a stellar monitor report when it comes to surpassing earnings estimates. With ZM shares breaking out forward of the upcoming announcement, is now the time to purchase?
Discover the newest EPS estimates and surprises on Zacks Earnings Calendar.
Zoom is about to report third-quarter outcomes on Monday after the bell. The Zacks Consensus Estimate requires earnings of $1.31 per share, reflecting a 1.6% enchancment relative to the identical quarter final yr. Gross sales are anticipated to have risen 2.34% to $1.16 billion through the third quarter.
The communications platform hasn’t missed the earnings mark in a number of years. Zoom has delivered a median earnings shock of 17.8% over the previous 4 quarters.
Zoom’s increasing worldwide footprint is a significant progress driver. The corporate maintains a powerful stability sheet and generates important money move.
ZM inventory trades comparatively undervalued at simply 14.7 occasions ahead earnings. Our proprietary Zacks ESP indicator is just not conclusively predicting one other earnings beat. Understand that shares might be unstable within the aftermath of earnings bulletins.
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Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
