• Company News: Zoom Video (ZM) quarterly results beat analysts’ estimates

Market news

2 June 2021

Company News: Zoom Video (ZM) quarterly results beat analysts’ estimates

Zoom Video (ZM) reported Q1 FY 2022 earnings of $1.32 per share (versus $0.20 per share in Q1 FY 2021), beating analysts’ consensus estimate of $0.98 per share.

The company’s quarterly revenues amounted to $0.956 bln (+191.4% y/y), beating analysts’ consensus estimate of $0.908 bln.

The company also issued upside guidance for Q2 FY 2022, projecting EPS of $1.14-1.15 versus analysts’ consensus estimate of $0.94 and revenues of $0.985-0.990 bln versus analysts’ consensus estimate of $0.933 bln.

For the full FY 2022, it forecast EPS of $4.56-4.61 versus analysts’ consensus estimate of $3.74 and revenues of $3.975-3.990 bln versus analysts’ consensus estimate of $3.80 bln.

ZM rose to $335.50 (+2.37%) in pre-market trading.

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