What's Going On With Zoom Video Stock Monday?
Portfolio Pulse from Adam Eckert
Zoom Video Communications Inc (NASDAQ:ZM) is set to report its fiscal first-quarter financial results after the market close on Monday. Analysts expect earnings of $1.20 per share and revenue of $1.126 billion. Zoom has a strong track record of beating estimates and has guided for revenue between $1.125 billion to $1.13 billion and adjusted earnings of $1.18 to $1.20 per share. The company also authorized a $1.5 billion buyback. Investors will be keen on the earnings report and any updates on the buyback.
May 20, 2024 | 6:10 pm
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Zoom Video Communications Inc (NASDAQ:ZM) is set to report its fiscal first-quarter financial results after the market close on Monday. Analysts expect earnings of $1.20 per share and revenue of $1.126 billion. Zoom has a strong track record of beating estimates and has guided for revenue between $1.125 billion to $1.13 billion and adjusted earnings of $1.18 to $1.20 per share. The company also authorized a $1.5 billion buyback. Investors will be keen on the earnings report and any updates on the buyback.
Zoom has consistently beaten analyst estimates in the past six quarters, which sets a positive expectation for the upcoming earnings report. The company's guidance aligns with analyst expectations, and the authorized $1.5 billion buyback is likely to be viewed favorably by investors. These factors suggest a likely positive short-term impact on the stock price.
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