Zoom(US:ZM) ZACKSยท2024-11-07 23:51Company Performance - Zoom Video Communications (ZM) closed at $80.19, with a daily increase of +0.63%, underperforming the S&P 500's gain of 0.74% [1] - Over the past month, ZM shares have appreciated by 13.89%, outperforming the Computer and Technology sector's gain of 3.99% and the S&P 500's gain of 3.16% [1] Upcoming Earnings - The earnings report for Zoom Video Communications is expected on November 25, 2024, with projected earnings of $1.30 per share, indicating a year-over-year growth of 0.78% [2] - Revenue is projected to be $1.16 billion, reflecting a 2.34% increase from the prior-year quarter [2] Annual Estimates - For the annual period, Zacks Consensus Estimates forecast earnings of $5.31 per share and revenue of $4.64 billion, representing increases of +1.92% and +2.43%, respectively, from the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Zoom Video Communications indicate shifting business dynamics, with positive revisions suggesting analyst optimism about the company's profitability [4] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Zoom Video Communications at 2 (Buy) [6] - The Zacks Rank has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988 [6] Valuation Metrics - Zoom Video Communications has a Forward P/E ratio of 15, which is a discount compared to the industry's average Forward P/E of 32.9 [7] - The company has a PEG ratio of 3.55, while the industry average PEG ratio is 2.44 [7] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 63, placing it in the top 25% of over 250 industries [8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]