Zoom Sees FY24 Adj. EPS $4.93-$4.95 vs $4.27 Est., Total Revenue $4.506B-$4.511B vs $4.5B Est.
Portfolio Pulse from Benzinga Newsdesk
Zoom forecasts its adjusted EPS for FY24 to be between $4.93 and $4.95, surpassing the estimated $4.27. The company also projects total revenue to be between $4.506 billion and $4.511 billion, slightly above the $4.5 billion estimate.
November 20, 2023 | 9:08 pm
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POSITIVE IMPACT
Zoom's FY24 adjusted EPS and revenue forecasts exceed analyst estimates, indicating potential growth and financial strength.
Zoom's guidance for both adjusted EPS and revenue for FY24 is higher than analyst expectations, which is a strong positive signal for the company's financial performance and future growth prospects. This is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100