Zoom Video Communications (NASDAQ:ZM) Releases FY 2020 Earnings Guidance

Zoom Video Communications (NASDAQ:ZM) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.18-0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.03. The company issued revenue guidance of $587-590 million, compared to the consensus revenue estimate of $545.49 million.Zoom Video Communications also updated its FY20 guidance to $0.18-0.19 EPS.

NASDAQ:ZM traded down $7.28 during mid-day trading on Friday, reaching $85.41. The stock had a trading volume of 7,163,739 shares, compared to its average volume of 1,257,726. The business has a 50-day simple moving average of $93.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.46 and a quick ratio of 4.46. Zoom Video Communications has a 12 month low of $59.94 and a 12 month high of $107.34.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. The firm had revenue of $145.80 million during the quarter, compared to the consensus estimate of $130.55 million. Zoom Video Communications’s revenue for the quarter was up 95.7% compared to the same quarter last year. As a group, analysts anticipate that Zoom Video Communications will post -0.14 EPS for the current fiscal year.

A number of research analysts recently issued reports on ZM shares. Stephens reissued an overweight rating and issued a $115.00 price objective on shares of Zoom Video Communications in a research note on Thursday, August 22nd. Summit Insights reissued a sell rating on shares of Zoom Video Communications in a research report on Tuesday, May 21st. Piper Jaffray Companies reissued an overweight rating and set a $100.00 price target (up from $90.00) on shares of Zoom Video Communications in a research report on Friday, June 7th. Rosenblatt Securities reaffirmed a hold rating and set a $90.00 price target on shares of Zoom Video Communications in a report on Thursday. Finally, Stifel Nicolaus lifted their price target on shares of Zoom Video Communications from $75.00 to $80.00 and gave the company a buy rating in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $89.47.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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Earnings History and Estimates for Zoom Video Communications (NASDAQ:ZM)

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