Zoom Video Communications, Inc. (NASDAQ:ZM) is expected to report second quarter earnings results, after market close, on Monday 31st August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.45 per share from revenue of $ 500.45 million.
Looking ahead, the full year income are expected at $ 1.30 per share on the revenues of $ 1811.81 million.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 495.00 million ~ $ 500.00 million
Full Year 2021 topline are forecasted in a range of$ 1,775.00 million ~ $ 1,800.00 million, where as bottomline are predicted in a range of $ 1.21 ~ $ 1.29 per share
Click Here For More Historical Outlooks Of Zoom Video Communications, Inc.
Previous Quarter Performance
Zoom Video Communications, Inc. unfold income for the first quarter of $ 0.20 per share, from the revenue of $ 328.17 million. The quarterly earnings increased 566.67 percent while revenues expanded 193.90 percent compared with the same quarter last year.
Wall street analysts are predicting, ZM to report 1Q21 income of $ 0.09 per share from revenue of $ 202.04 million. The bottom line results beat street analysts by $ 0.11 or 122.22 percent, at the same time, top line results outshined analysts by $ 126.13 million or 62.43 percent.
Stock Performance
Shares of Zoom Video Communications, Inc. traded up $ 4.59 or 1.56 percent on Friday, reaching $ 299.27 with volume of 5.35 million shares. Zoom Video Communications, Inc. has traded high as $ 303.58 and has cracked $ 297.26 on the downward trend
According to the previous trading day, closing price of $ 299.27, representing a 383.32 % increase from the 52 week low of $ 60.97 and a 2.93 % decrease over the 52 week high of $ 303.58.
The company has a market capital of $ 84.42 billion and is part of the Communication Services sector and Telecom Services industry.
Recent Analyst recommendations
- On 20th August 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 240.00 target price.
- On 18th August 2020, maintained by RBC Capital at Outperform rating, with $ 300.00 target price.
- On 24th July 2020, initiated by Wolfe Research at Peer Perform rating, with $ 255.00 target price.
Conference Call
Zoom Video Communications, Inc. will be hosting a conference call at 5:30 PM eastern time on 31st August 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website zoom.us/webinar/register/WN_fY8BcHRkRvC4NfV1sdpTPQ
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.
