Zoom join sp5001/3/2024 This industry currently has a Zacks Industry Rank of 62, which puts it in the top 25% of all 250+ industries. The Internet - Software industry is part of the Computer and Technology sector. ZM's industry had an average PEG ratio of 1.64 as of yesterday's close. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Meanwhile, ZM's PEG ratio is currently 0.59. This valuation marks a discount compared to its industry's average Forward P/E of 39.49. Investors should also note Zoom Video Communications's current valuation metrics, including its Forward P/E ratio of 14.64. Zoom Video Communications currently has a Zacks Rank of #3 (Hold). The Zacks Consensus EPS estimate remained stagnant within the past month. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. Recent revisions tend to reflect the latest near-term business trends. Investors should also note any recent changes to analyst estimates for Zoom Video Communications. These results would represent year-over-year changes of -3.89% and +1.18%, respectively. ZM's full-year Zacks Consensus Estimates are calling for earnings of $4.20 per share and revenue of $4.44 billion. Our most recent consensus estimate is calling for quarterly revenue of $1.08 billion, up 0.91% from the year-ago period. This would mark a year-over-year decline of 3.88%. In that report, analysts expect Zoom Video Communications to post earnings of $0.99 per share. Zoom Video Communications will be looking to display strength as it nears its next earnings release. This has lagged the Computer and Technology sector's loss of 0.91% and the S&P 500's gain of 2.19% in that time. Prior to today's trading, shares of the video-conferencing company had lost 12.99% over the past month. Meanwhile, the Dow gained 1.57%, and the Nasdaq, a tech-heavy index, lost 3.03%. This change lagged the S&P 500's daily gain of 1.96%. Zoom Video Communications ( ZM Quick Quote ZM - Free Report) closed the most recent trading day at $61.29, moving -0.23% from the previous trading session.
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