Zoom's Upcoming Earnings: Focus On Expansion Of Phone, Contact Center Services
Portfolio Pulse from Surbhi Jain
Zoom Video Communications Inc (NASDAQ:ZM) is set to report Q3 earnings with an expected EPS of $1.08 and revenue of $1.12 billion. Analysts will focus on growth metrics for Zoom Phone, Contact Center, and Zoom One, as well as a return to Zoom Meetings. Zoom's financial health is strong with a free cash flow yield of 8.7%, $6 billion in cash reserves, and no long-term debt. The stock is rated Neutral with a consensus price target of $89.81, and Citigroup upgraded it from Sell to Neutral with a $66 target. Shares are up 1.8% to $65.32.
November 20, 2023 | 3:18 pm
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Zoom is expected to report strong Q3 earnings with a focus on its expanding services. The company's financial health and growth in enterprise services like Zoom Phone and Contact Center could positively influence its stock price if earnings exceed expectations.
Zoom's expected positive earnings report, strong financial health, and growth in key services are likely to instill investor confidence and could lead to a short-term increase in stock price, especially if the actual earnings surpass the expected figures.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100