Earnings and Growth Analysis : Zoom Video Communications (NASDAQ:ZM)

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Earnings results for Zoom Video Communications (NASDAQ:ZM)

Zoom Video Communications, Inc. is expected* to report earnings on 08/31/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.34. The reported EPS for the same quarter last year was $0.02.

Zoom Video Communications last posted its quarterly earnings results on June 2nd, 2020. The reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.19. The business had revenue of $328.20 million for the quarter, compared to analysts’ expectations of $203.53 million. Its revenue for the quarter was up 169.0% compared to the same quarter last year. Zoom Video Communications has generated $0.09 earnings per share over the last year and currently has a price-to-earnings ratio of 1,760.4. Zoom Video Communications has confirmed that its next quarterly earnings report will be published on Monday, August 31st, 2020.

Analyst Opinion on Zoom Video Communications (NASDAQ:ZM)

26 Wall Street analysts have issued ratings and price targets for Zoom Video Communications in the last 12 months. Their average twelve-month price target is $216.77, predicting that the stock has a possible downside of 27.57%. The high price target for ZM is $300.00 and the low price target for ZM is $70.00. There are currently 3 sell ratings, 11 hold ratings and 12 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Zoom Video Communications has received a consensus rating of Hold. The company’s average rating score is 2.35, and is based on 12 buy ratings, 11 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $216.77, Zoom Video Communications has a forecasted downside of 27.6% from its current price of $299.27. Zoom Video Communications has been the subject of 22 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Zoom Video Communications (NASDAQ:ZM)

Zoom Video Communications does not currently pay a dividend. Zoom Video Communications does not have a long track record of dividend growth.

Insiders buying/selling: Zoom Video Communications (NASDAQ:ZM)

In the past three months, Zoom Video Communications insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $182,342,568.00 in company stock. Only 24.25% of the stock of Zoom Video Communications is held by insiders. Only 28.68% of the stock of Zoom Video Communications is held by institutions.

Earnings and Valuation of Zoom Video Communications (NASDAQ:ZM

Earnings for Zoom Video Communications are expected to decrease by -1.20% in the coming year, from $0.83 to $0.82 per share. The P/E ratio of Zoom Video Communications is 1,760.41, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.26. The P/E ratio of Zoom Video Communications is 1,760.41, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 51.10. Zoom Video Communications has a PEG Ratio of 14.42. PEG Ratios above 1 indicate that a company could be overvalued. Zoom Video Communications has a P/B Ratio of 100.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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