Zoom tops Q1 estimates, but disappoints on Q2 guidance
Zoom Surges in Q1, But Can It Sustain?
Zoom Video Communications (ZM) exceeded Q1 revenue and earnings expectations, reporting $1.14 billion in revenue and earnings of $1.35 per share. However, the company's Q2 guidance and enterprise customer growth disappointed, with lower-than-expected forecasts and a significant shortfall in enterprise customer count.
What were Zoom's reported earnings per share for the first quarter, and how did they compare to analysts' expectations?
Zoom's reported earnings per share for the first quarter were $1.35, which exceeded analysts' expectations of $1.19 per share.
What is Zoom's earnings per share guidance for the second quarter, and how does it compare to analysts' estimates?
Zoom Video Communications provided guidance for the second quarter with an upper earnings per share (EPS) estimate of $1.21. However, this falls below the analysts' expectations, which were set at $1.24 per share. This discrepancy indicates that Zoom's projected EPS is not meeting the market analysts' predictions, leading to potential concerns about the company's upcoming financial performance.