Company Overview - Zoom Communications is valued at approximately $24 billion and generated $4.8 billion in revenue over the past year, with an operating profit of $971 million and a net income of $1.2 billion [2]. Earnings Performance - Historically, Zoom has underperformed market expectations on earnings day, often providing conservative guidance and experiencing slow enterprise growth or muted customer expansion [2]. - There have been 19 documented earnings data points over the last five years, with only 5 positive one-day (1D) returns, resulting in a positive return rate of approximately 26%. This rate increases to 40% when considering the last 3 years [9]. Trading Strategies - Traders can prepare for Zoom's earnings by either gauging historical probabilities and positioning themselves before the announcement or analyzing the relationship between immediate and medium-term returns after earnings [3]. - A less risky strategy involves assessing the correlation between short-term and medium-term returns following earnings, allowing traders to position themselves accordingly based on positive 1D returns [6]. Peer Comparison - The performance of peers can influence post-earnings stock reactions, with market expectations potentially setting in before Zoom's earnings announcements [7].