Zoom Video Communications (ZM) Set to Announce Earnings on Wednesday

Zoom Video Communications (NASDAQ:ZM - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 21st. Analysts expect Zoom Video Communications to post earnings of $1.21 per share for the quarter. Zoom Video Communications has set its Q2 guidance at $1.20-$1.21 EPS and its FY25 guidance at $4.99-$5.02 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.23. Zoom Video Communications had a return on equity of 10.55% and a net margin of 18.37%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, analysts expect Zoom Video Communications to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Zoom Video Communications Trading Up 0.6 %

ZM stock traded up $0.35 during midday trading on Wednesday, hitting $57.00. 1,604,350 shares of the company's stock were exchanged, compared to its average volume of 3,196,101. Zoom Video Communications has a 12-month low of $55.06 and a 12-month high of $75.90. The firm has a 50 day moving average price of $58.53 and a 200-day moving average price of $62.05. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 8.65 and a beta of -0.05.

Insider Activity at Zoom Video Communications

In related news, COO Aparna Bawa sold 874 shares of the business's stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $61.78, for a total value of $53,995.72. Following the completion of the sale, the chief operating officer now owns 2,814 shares of the company's stock, valued at approximately $173,848.92. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Zoom Video Communications news, CFO Kelly Steckelberg sold 5,007 shares of the company's stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $61.58, for a total transaction of $308,331.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 874 shares of the company's stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $61.78, for a total value of $53,995.72. Following the sale, the chief operating officer now directly owns 2,814 shares of the company's stock, valued at approximately $173,848.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,629 shares of company stock valued at $6,887,868. 10.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ZM. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Zoom Video Communications in a report on Tuesday, May 21st. Rosenblatt Securities boosted their price objective on Zoom Video Communications from $75.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, May 21st. UBS Group upgraded Zoom Video Communications to a "hold" rating in a research report on Friday, July 26th. Wells Fargo & Company reduced their price objective on Zoom Video Communications from $60.00 to $55.00 and set an "underweight" rating for the company in a research report on Friday, June 21st. Finally, Sanford C. Bernstein reduced their price objective on Zoom Video Communications from $82.00 to $78.00 and set a "market perform" rating for the company in a research report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $75.22.

About Zoom Video Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.