Zoom Video (ZM) will report its Q1 results after today's closing bell, a conference call is scheduled for 17:00 ET.
The Capital IQ consensus expects the provider of video communication solutions to report a 390% yr/yr spike in EPS to $0.98 on a 176.7% yr/yr jump in revenue to $907.95 mln.
ZM guided for Q1 EPS between $0.95 and $0.97 on revs between $900 mln and $905 mln when it reported March 21.
ZM also issued FY22 guidance for EPS between $3.59 and $3.65 on revenue between $3.76 bln and $3.78 bln.
Recently, Zoom updated its software to allow for ticketed live events. It’ll be interesting to see how this is going. The stock's response to earnings will likely be anchored on the strength of the company's outlook.
TECHS:
Zoom trades at 85.7x forward earnings expectations, which represents a significant premium to Microsoft (MSFT)
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