Zoom Communications Inc reports results for the quarter ended July 31 - Earnings Summary

• Zoom Communications Inc ZM.OQ reported quarterly adjusted earnings of $1.53​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $1.39. The mean expectation of twenty six analysts for the quarter was for earnings of $1.37 per share. Wall Street expected results to range from $1.33 to $1.39 per share.

• Revenue rose 4.7% to $1.22 billion from a year ago; analysts expected $1.20 billion.

• Zoom Communications Inc's reported EPS for the quarter was $1.16​.

• The company reported quarterly net income of $358.59 million.

• Zoom Communications Inc shares had fallen by 7.5% this quarter and lost 11.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 13 "strong buy" or "buy," 17 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Zoom Communications Inc is $92.00, about 21.6% above its last closing price of $72.16

This summary was machine generated from LSEG data August 21 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)