We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Zoom Video Communications (ZM) Stock Moves -0.01%: What You Should Know
Read MoreHide Full Article
Zoom Video Communications (ZM - Free Report) closed the most recent trading day at $73.71, moving -0.01% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.65%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.03%.
Heading into today, shares of the video-conferencing company had lost 12.32% over the past month, outpacing the Computer and Technology sector's loss of 13.29% and lagging the S&P 500's loss of 11.07% in that time.
Investors will be hoping for strength from Zoom Video Communications as it approaches its next earnings release. In that report, analysts expect Zoom Video Communications to post earnings of $0.84 per share. This would mark a year-over-year decline of 24.32%. Meanwhile, our latest consensus estimate is calling for revenue of $1.1 billion, up 4.43% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.71 per share and revenue of $4.39 billion, which would represent changes of -26.82% and +7.04%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Zoom Video Communications. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.29% lower. Zoom Video Communications is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Zoom Video Communications has a Forward P/E ratio of 19.86 right now. This valuation marks a discount compared to its industry's average Forward P/E of 42.35.
Also, we should mention that ZM has a PEG ratio of 1.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 2.04 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Zoom Video Communications (ZM) Stock Moves -0.01%: What You Should Know
Zoom Video Communications (ZM - Free Report) closed the most recent trading day at $73.71, moving -0.01% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.65%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.03%.
Heading into today, shares of the video-conferencing company had lost 12.32% over the past month, outpacing the Computer and Technology sector's loss of 13.29% and lagging the S&P 500's loss of 11.07% in that time.
Investors will be hoping for strength from Zoom Video Communications as it approaches its next earnings release. In that report, analysts expect Zoom Video Communications to post earnings of $0.84 per share. This would mark a year-over-year decline of 24.32%. Meanwhile, our latest consensus estimate is calling for revenue of $1.1 billion, up 4.43% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.71 per share and revenue of $4.39 billion, which would represent changes of -26.82% and +7.04%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Zoom Video Communications. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.29% lower. Zoom Video Communications is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Zoom Video Communications has a Forward P/E ratio of 19.86 right now. This valuation marks a discount compared to its industry's average Forward P/E of 42.35.
Also, we should mention that ZM has a PEG ratio of 1.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 2.04 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.