FMP
Zoom Stock Plummets 6% Following Q1 Earnings
May 23, 2023 2:41 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Zoom (NASDAQ:ZM) shares plunge more than 6% intra-day today after the company reported its Q1 earnings, with Online driving a solid beat, offsetting Enterprise weakness.
EPS came in at $1.16, above the Street estimate of $0.99. Revenue of $1.1 billion was slightly better than the Street estimate of $1.08 billion. The company expects Q2/24 EPS of $1.04-$1.06, compared to the Street’s $1.05, and revenue of $1.11-$1.115 billion, compared to the Street’s $1.11 billion.
For 2024, the company anticipates EPS of $4.25-$4.31, compared to the Street’s $4.22, and revenue of $4.465-$4.485 billion, compared to the Street’s $4.45 billion.
While noting they are encouraged by Online stabilizing ahead of schedule, analysts at RBC Capital said they would prefer to see more resiliency out of the Enterprise business, where the 2024 growth outlook was revised down to just 6% (vs. low-double-digits prior), which management attributed to temporary disruption from the RIF/restructuring.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
