Zoom Video Communications Q1 2024 earnings on deck, what to expect
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Zoom Video Communications (NASDAQ:ZM) is scheduled to announce Q1 earnings results on Monday, May 22nd, after market close.
The consensus EPS estimate is $0.99 and the consensus revenue estimate is $1.08B.
Over the last 2 years, ZM has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time.

Over the last 3 months, EPS estimates have seen 21 upward revisions and 1 downward. Revenue estimates have seen 1 upward revision and 19 downward.
The company on Feb. 27 reported Q4 Non-GAAP EPS of $1.22, beating estimates by 40 cents. Revenue of $1.12 billion was up 4.3% from last year and ahead of analyst expectations by $20 million.
ZM has a Quant rating of "Hold", with a 3.27 rating score.
ZM has an industry ranking of 75 out of 207 among application software stocks, as per SA's Quant ranking.
Wall Street analysts and Seeking Alpha authors rate the ZM stock "Hold".

Recent Analysis: Zoom Video: Even Under A Very Optimistic Outlook, The Stock Looks Too Expensive by Gytis Zizys.

Zoom Video Communications: Modest Valuation, I Am Buying Without Hesitation by Gary Alexander.

Zoom's Pain Will Continue To Be Microsoft's Gain by Kumquat Research.

Zoom Video: An Unattractive Risk-Reward Profile by Daan Rijnberk.

Recent News: Zoom unveils investment in Anthropic to boost AI capabilities.

Zoom likely to see 'little impact' if Microsoft decouples Teams from Office: MS.
ZM stock fell 63% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
Stock is up 4% so far this year as of Thursday's close.