Zoom Video Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Zoom Video Communications, Inc. (NASDAQ:ZM) is set to release its fiscal fourth quarter earnings on Feb. 26, 2024, with analysts forecasting a slight decrease in earnings per share from $1.22 to $1.15, and a marginal revenue increase from $1.12 billion to $1.13 billion year-over-year. The company also cut about 150 jobs, less than 2% of its workforce. Ahead of the earnings call, analysts have revised their ratings and price targets for ZM, with a mix of downgrades, neutral stances, and a single upgrade.
February 26, 2024 | 4:18 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Zoom Video Communications is anticipated to report a minor decrease in EPS and a slight increase in revenue for Q4. The company also announced a small workforce reduction. Analysts have provided mixed ratings and adjusted price targets.
The anticipated slight decrease in EPS and minor revenue increase, combined with the recent job cuts, suggest a period of adjustment for Zoom. However, the mixed analyst ratings and adjustments in price targets indicate uncertainty about the stock's short-term direction. The overall impact is neutral as positive and negative factors may balance each other out.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100