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Benzinga
2 days

Zoom Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. ZM expected to report earnings of $1.38 per share, slightly down from last year. 2. Projected quarterly revenue is $1.2 billion, up from $1.16 billion last year. 3. Recent analyst ratings show mixed opinions, mostly neutral to slight bearish outlook. 4. Keybanc initiated coverage with an Underweight rating and a $73 price target. 5. Zoom shares closed at $72.16, a minor decline of 0.1%.

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FAQ

Why Neutral?

Despite revenue growth, slight earnings decline and mixed analyst views may limit bullish sentiment. Historically, neutral reports like this can lead to stagnant stock movement, especially if expectations are not met.

How important is it?

The earnings report is critical for ZM's valuation and investor sentiment, influencing stock price and analyst ratings significantly.

Why Short Term?

Immediate reactions to earnings reports are typically short-lived; thus, impact is seen within days. Long-term effects depend on subsequent performance and guidance updates but are less likely right now.

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