Zoom - Q3 Results

02.12.2021
Zoom - Q3 Results

Zoom reported better-than-expected quarterly earnings this week, but still their shares closed 14% down, after the results showed a revenue growth slowdown. Wall Street firms cut price targets on the stock. 

Zoom stock is a top trending ticker on Yahoo Finance. The stock is down about 40% year-over-date, hitting a 52-week low.

As you can see from our infographic, Adjusted Earnings Per Share (EPS) rose above analyst forecasts, rising 12.1% year over year. Zoom's revenue also beat analyst estimates, climbing 35.2% YoY. But that was the slowest pace of revenue growth in 15 quarters and only last year revenue came above 300%. The number of customers contributing $100,000 in trailing-12-month (TTM) revenue also went above estimates of 2.380 and reached 2.507.

The most encouraging metric from the report had to do with Zoom's renewal rate with established users. These clients nearly all chose to stick with that platform. Zoom's average contract renewal was at a 30% higher annual rate for the 14th consecutive quarter. 

Zoom's next earnings report is estimated to be released on March 1, 2022.

LimitPrime © 2024

Categories

Buy and sell stocks with ease.

Leave comment

READ MORE INTERESTING ARTICLES

TSMC, NVIDIA and INTEL -  Giants in the world of artificial intelligence

In today's chip-making world, there's a new kid on the block: artificial intelligence (AI). Several companies are changing the...

Read More
Bitcoin Halving Day: Everything you need know

What is Bitcoin Halving?Bitcoin halving day is eagerly anticipated by crypto enthusiasts and investors, and of course, it marks a cruci...

Read More
Five Cryptos To Watch In 2024

In the evolving world of cryptocurrency, where Bitcoin and Ethereum often take center stage, there isn't much focus on the other di...

Read More

Before you go, book a
free call with our agent

Ask all of your trading questions and get answers right away.

Contact us via WhatsApp!