Sneak Preview of Zoom Video Communications, Inc. ($ZM) 3Q21 Earnings

Zoom Video Communications, Inc. (NASDAQ:ZM) is reporting third quarter earnings results on Monday 30th November 2020, after market close.

The consensus estimates from Thomson Reuters are income of $ 0.76 per share.

For the full year, analysts predict revenues of $ 2413.73 million, while looking forward to income of $ 2.55 per share.

The Company Outlook

Earnings for 3Q21 are anticipated in a range of $ 0.73 ~ $ 0.74 per share, while revenues are expected in a range of $ 685.00 million ~ $ 690.00 million

Full Year 2021 topline are forecasted in a range of$ 2,370.00 million ~ $ 2,390.00 million, where as bottomline are predicted in a range of $ 2.40 ~ $ 2.47 per share

Click Here For More Historical Outlooks Of Zoom Video Communications, Inc.

Previous Quarter Performance

Zoom Video Communications, Inc. recorded income for the second quarter of $ 0.92 per share, from the revenue of $ 663.52 million. The quarterly earnings 1,050.00 percent compared with the same quarter last year. According to street consensus, ZM was expected to report 2Q21 income of $ 0.45 per share from revenue of $ 500.45 million. The bottom line results beat street analysts by $ 0.47 or 104.44 percent, at the same time, top line results outshined analysts by $ 163.07 million or 32.58 percent.

Stock Performance

Shares of Zoom Video Communications, Inc. traded up $ 27.89 or 6.29 percent on Friday, reaching $ 471.61 with volume of 7.28 million shares. Zoom Video Communications, Inc. has traded high as $ 472.04 and has cracked $ 449.00 on the downward trend

According to the previous trading day, closing price of $ 471.61, representing a 615.45 % increase from the 52 week low of $ 62.02 and a 24.65 % decrease over the 52 week high of $ 588.84.

The company has a market capital of $ 134.14 billion and is part of the Communication Services sector and Telecom Services industry.

Recent Analyst recommendations

  • On 15th October 2020, maintained by Bank of America at Buy rating, with $ 570.00 target price.
  • On 15th October 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 465.00 target price.
  • On 15th October 2020, maintained by Rosenblatt Securities at Neutral rating, with $ 450.00 target price.
  • On 15th October 2020, maintained by Needham & Company LLC at Buy rating, with $ 540.00 target price.
  • On 9th October 2020, initiated by Mizuho at Buy rating, with $ 550.00 target price.
Conference Call

Zoom Video Communications, Inc. will be hosting a conference call at 5:30 PM eastern time on 30th November 2020, to discuss its 3Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website

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.