financetom
Business
financetom
/
Business
/
What's Going On With Zoom Video Stock Monday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With Zoom Video Stock Monday?
May 20, 2024 11:32 AM

Zoom Video Communications Inc ( ZM ) shares are in the spotlight Monday ahead of earnings. Here’s what you need to know before the company reports after the bell.

What To Know: Zoom is due to report its fiscal first-quarter financial results after the market close on Monday. Analysts are looking for earnings of $1.20 per share and revenue of $1.126 billion, according to estimates from Benzinga Pro.

Zoom has beat analyst estimates on the top and bottom lines in six consecutive quarters heading into the print.

Last quarter, Zoom beat revenue estimates of $1.13 billion, turning in revenue of $1.15 billion. The company also beat earnings estimates of $1.15 per share, delivering earnings of $1.42 per share.

“We’re committed to democratizing AI accessibility, offering it to all our customers regardless of business size, included at no extra charge with a paid license,” Eric Yuan, Zoom’s founder and CEO, said at the time.

“Our team is dedicated to platform-wide innovation, introducing hundreds of new features, including those for Zoom Contact Center, which redefine the gold standard for customer experience.”

Zoom guided for first-quarter revenue of $1.125 billion to $1.13 billion and adjusted earnings of $1.18 to $1.20 per share. The company also authorized a buyback of up to $1.5 billion. Investors will be looking for the company to meet or exceed guidance after the bell, as well as any updates on the buyback that was introduced last quarter.

Following the release of the company’s quarterly results, management will hold a conference call to discuss at 5 p.m. ET.

Don’t Miss: What’s Going On With AMC Entertainment Stock?

ZM Price Action: Zoom Video shares are up approximately 7% over the last month. The stock was down 0.5% at $63.83 at the time of publication Monday afternoon, according to Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Science Applications International Wins $55 Million US Space Development Agency Contract
Science Applications International Wins $55 Million US Space Development Agency Contract
May 25, 2025
01:43 PM EDT, 05/01/2025 (MT Newswires) -- Science Applications International ( SAIC ) said Thursday it has won a $55 million, five-year contract from the US Space Development Agency to improve combat effectiveness and decision-making capabilities of warfighters. The company said it will manage system requirements, engineering and risk to support the Proliferated Warfighter Space Architecture's Tranche 3 Program Integration,...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
MYR Group Shares Rise After Higher Q1 Earnings, Revenue
MYR Group Shares Rise After Higher Q1 Earnings, Revenue
May 25, 2025
01:37 PM EDT, 05/01/2025 (MT Newswires) -- MYR Group ( MYRG ) shares jumped 17% in recent Thursday trading after the company reported higher Q1 earnings and revenue that topped expecations. The company reported Q1 earnings late Wednesday of $1.45 per diluted share, up from $1.12 a year earlier. Analysts polled by FactSet expected $1.20. Revenue for the quarter ended...
Advanced Energy Industries Shares Soar After Q1 Earnings, Revenue Beat Consensus
Advanced Energy Industries Shares Soar After Q1 Earnings, Revenue Beat Consensus
May 25, 2025
01:42 PM EDT, 05/01/2025 (MT Newswires) -- Advanced Energy Industries ( AEIS ) shares were up 15.4% in recent trading on Thursday after its Q1 earnings and revenue beat analysts' consensus. The company reported Q1 non-GAAP earnings of $1.23 per diluted share, up from $0.58 a year earlier. Analysts polled by FactSet expected $1.06. Revenue for the quarter ended March...
Copyright 2023-2026 - www.financetom.com All Rights Reserved