Why Zoom (ZM) Might be Well Poised for a Surge

Core Viewpoint - Zoom Communications (ZM) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates [1][2] Earnings Estimate Revisions - Analysts' optimism regarding Zoom's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2] - The current-quarter earnings estimate is $1.42 per share, reflecting a +2.9% change from the previous year, with a 6.52% increase in consensus estimates over the last 30 days due to seven upward revisions [7] - For the full year, the expected earnings are $5.77 per share, indicating a +4.2% year-over-year change, with nine estimates moving higher in the past month and a 9.4% increase in consensus estimates [8][9] Zacks Rank and Performance - Zoom has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with strong stock performance [10] - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [10] - The stock has gained 14.7% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [11]