Zoom Sees Q3 Adj. EPS $1.07-$1.09 vs $1.03 Est., Total Revenue $1.115B-$1.12B vs $1.13B Est.
Portfolio Pulse from Benzinga Newsdesk
Zoom has projected its Q3 adjusted EPS to be between $1.07 and $1.09, which is higher than the estimated $1.03. However, the total revenue is expected to be between $1.115B and $1.12B, slightly lower than the estimated $1.13B.
August 21, 2023 | 8:07 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Zoom's Q3 adjusted EPS is expected to outperform estimates, but its total revenue is projected to be slightly lower than expected.
Zoom's higher than expected EPS indicates strong profitability, which could positively impact its stock. However, the lower revenue projection could negatively impact the stock as it suggests weaker than expected sales. The net effect could be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100