First Quarter 2024 Earnings are Expected to be $0.13 Per Share for Zoom Video Communications, Inc.

There is a question regarding Zoom Video Communications, INC. In a research note published on February 8, analysts revised their earnings per share (EPS) estimates for Zoom Video Communications' first quarter of 2024 upward.

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According to analysts at Trade Algo, the company is now expected to earn $0.13 per share this quarter.

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The share price has increased from $0.09 per share to $0.11.

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Currently, Zoom Video Communications' earnings forecast for the full year is $1.00 per share, based on the most recent consensus estimate.

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As an additional projection, Oppenheimer predicted Zoom Video Communications would earn $0.23 per share in the second quarter, $0.25 in the third, $0.28 in the fourth, and $0.88 in the full year 2024.

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In a research report published on Friday, November 18, Baird lowered Zoom Video Communications' price target from $125.00 to $100.00.

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Zoom Video Communications shares were downgraded to $102.00 in a November 22 research note by Benchmark.

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Zoom Video Communications shares were downgraded by Wells Fargo & Company from $95.00 to $80.00 in a research note published on November 22. The company had previously set a price target of $95.00 for Zoom Video Communications shares.

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Zoom Video Communications was mentioned in the message. According to Citigroup's November 16 research report, Zoom Video Communications' stock has been assigned a "sell" rating and has a target price of $72.00.

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Furthermore, analysts gave the stock a "sell" rating. Zoom Video Communications' price target was lowered from $90.00 to $80.00 by Stifel Nicolaus on Wednesday, November 9.

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The stock price had been declining for some time, so this action was taken in response to it. Analysts have recommended selling the stock at $2, holding it at $18, and buying it at $7 based on their expectations for its performance in the future.

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Analysts have unanimously rated the stock "Hold," which is what most analysts have recommended. Prices are expected to rise to $102.55.

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The opening price for Friday's trading on the NASDAQ ZM was $75.65, according to Trade Algo.

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With a price-to-earnings ratio of 33.67, a price-to-growth ratio of 7.72, and a beta value of 0.22, the stock is currently trading at a price-to-growth ratio of 33.67.

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There is $22.52 billion in market capitalization for Zoom Video Communications, and the PEG ratio for the company is 7.72. Zoom Video Communications' price has ranged from $63.55 to $150.48 among its highest points over the last 52 weeks.

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In the past 50 days, the stock's simple moving average was $71.17, and in the past 200 days, it was $80.31.

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A report on Zoom Video Communications' financial results for the previous quarter was made available to the public on November 21.

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Analysts had expected the company to earn $0.26 per share for the quarter, but the company earned $0.21 instead.

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Revenue of $1.10 billion was generated by the company during the period covered by the report, exactly what market analysts had expected. An 8.86% return on equity was recorded by Zoom Video Communications, while a 16.07% net margin was registered by the company.

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Comparing the same quarter of last year's financial year with the current quarter, sales increased by 4.9%.

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The business earned $0.72 per share in the same period last year.

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The proportion of a company's stock owned by hedge funds and institutional investors has changed in recent months. During the second quarter of 2018, Ronald Blue Trust INC contributed $27,000 to Zoom Video Communications.

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Approximately $26,000 was invested by SeaCrest Wealth Management LLC during the second quarter of 2018.

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Zoom Video Communications hired me for a new position.

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The percentage of Zoom Video Communications that Global Wealth Management Investment Advisory INC owned increased by 63.3% during the first three months of 2018. After purchasing an additional 114 shares during the period under review, Global Wealth Management Investment Advisory INC now owns 294 shares, valued at $34,000.

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During the period in question, additional shares were purchased to acquire these 294 shares.

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A total of 32,000 dollars worth of shares were acquired from Zoom Video Communications by Wagner Wealth Management LLC in the second quarter.

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Lastly, Accurate Wealth Management LLC invested $26,000 in Zoom Video Communications during the fourth quarter of 2018.

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For a total of 52.96% of shares, hedge funds and other institutional investors own the company.

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In the week ending December 12, Gregory Tomb, the company's president, purchased himself out of 3,752 shares.

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There were 269,581.20 shares sold at an average price of $71.85, with their total selling value being $269,581.20.

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This transaction directly benefited the company's president, who now directly owns 27,520 shares, valued at approximately $1,977,312 when combined.

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Legal filings submitted to the Securities and Exchange Commission made the transaction public.

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The SEC's website has this filing.

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A further 3,752 shares of Zoom Video Communications stock were sold by Zoom Video Communications President Gregory Tomb on December 12.

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It was the same day that these transactions occurred.

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Shares were purchased at an average price of $71.85 each, resulting in a total transaction value of $269,581.20. With this transaction complete, the president now owns 27,520 shares of the corporation for $1,977,312.

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A legal document regarding the transaction was provided to the Securities and Exchange Commission, which was then uploaded to the SEC website.

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A further 3,224 shares were sold by Zoom Video Communications' Chief Financial Officer Kelly Steckelberg on January 25.

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Approximately $218,587.20 was generated by the sale of stock, with the average price per share being $67.80.

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On this website, you can find disclosures related to the sale.

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A total of 1,709,539 worth of company stock was sold by insiders during the most recent quarter.

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A total of 11.24 % of the stock of the company is owned by insiders.