Zoom Video Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Zoom Video Communications, Inc. ZM is projected to release financial results for the third quarter of fiscal year 2024, after the closing bell on Nov. 20, 2023.

Analysts expect the company to post quarterly earnings at $1.08 per share, up from year-ago earnings of $1.07 per share. The company’s revenue might come in at $1.12 billion for the latest quarter, compared to $1.1 billion in the year-earlier quarter.

Zoom Video recently unveiled AI-powered innovations at Zoomtopia 2023.

Zoom Video shares gained 1.1% to close at $64.12 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Tyler Radke upgraded the stock from Sell to Neutral with a price target of $66 on Nov. 17, 2023. This analyst has an accuracy rate of 71%.
• Rosenblatt analyst Catharine Trebnick reiterated a Neutral rating with a price target of $75 on Nov. 15, 2023. This analyst has an accuracy rate of 69%.
• Wedbush analyst Taz Koujalgi reiterated a Neutral rating with a price target of $80 on Aug. 23, 2023. This analyst has an accuracy rate of 81%.
• Baird analyst William Power maintained an Outperform rating and cut the price target from $95 to $90 on Aug. 22, 2023. This analyst has an accuracy rate of 87%.
• Bernstein analyst Peter Weed maintained a Market Perform rating and cut the price target from $92 to $82 on Aug. 22, 2023. This analyst has an accuracy rate of 76%.

Read This Next: Jim Cramer Has A 'Problem' With This Fintech Giant: 'I Like The Mastercards And The Visas Now'