Zoom Sees Q4 Adj. EPS $1.13-$1.15 vs $1.00 Est., Total Revenue $1.125B-$1.13B vs $1.13B Est.
Portfolio Pulse from Benzinga Newsdesk
Zoom Video Communications provided its Q4 adjusted EPS guidance in the range of $1.13-$1.15, surpassing the estimated $1.00. The company also forecasted total revenue between $1.125 billion and $1.13 billion, which aligns with the estimated $1.13 billion.
November 20, 2023 | 9:07 pm
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Zoom's Q4 adjusted EPS guidance is higher than analyst estimates, which could lead to a positive investor sentiment and an increase in stock price in the short term.
Zoom's guidance for adjusted EPS is significantly higher than the market's expectations, which is typically a strong positive signal for investors and can lead to an increase in stock price as the market adjusts to the new information. The revenue guidance being in line with expectations suggests stability in the company's growth, supporting the positive outlook.
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IMPORTANCE 90
RELEVANCE 100