Zoom Sees Q1 Adj. EPS $1.18-$1.20 vs $1.13 Est., Total Revenue $1.125B vs $1.13B Est.
Portfolio Pulse from Benzinga Newsdesk
Zoom forecasts Q1 adjusted EPS of $1.18-$1.20, surpassing the estimated $1.13, but anticipates total revenue of $1.125B, slightly below the expected $1.13B.

February 26, 2024 | 9:09 pm
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NEUTRAL IMPACT
Zoom's Q1 adjusted EPS forecast exceeds expectations, while revenue projection slightly misses estimates.
Zoom's higher than expected EPS forecast may positively impact investor sentiment, indicating operational efficiency and profitability. However, the slight miss in revenue projections could temper enthusiasm, suggesting potential challenges in growth or market saturation. The mixed financial outlook leads to a neutral short-term price direction, as positive EPS adjustments are counterbalanced by slight revenue concerns.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100