Zoom (ZM) Tops Q2 EPS by 7c, Guidance Tops Views

September 5, 2019 4:12 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Zoom (NASDAQ: ZM) reported Q2 EPS of $0.08, $0.07 better than the analyst estimate of $0.01. Revenue for the quarter came in at $145.8 million versus the consensus estimate of $130.31 million.

GUIDANCE:

Zoom sees Q3 2020 EPS of $0.03, versus the consensus of ($0.01). Zoom sees Q3 2020 revenue of $155-156 million, versus the consensus of $140 million.

  • Third Quarter Fiscal 2020: Total revenue is expected to be between $155.0 million and $156.0 million and non-GAAP income from operations is expected to be between $6.0 million and $7.0 million. Q3 non-GAAP EPS is expected to be approximately $0.03 with approximately 294 million non-GAAP weighted average shares outstanding.

Zoom sees FY2020 EPS of $0.18-$0.19, versus the consensus of $0.03. Zoom sees FY2020 revenue of $587-590 million, versus the consensus of $545.5 million.

  • Full Year Fiscal 2020: Total revenue is expected to be between $587 million and $590 million and non-GAAP income from operations is expected to be between $42 million and $45 million. Full year non-GAAP EPS is expected to be approximately $0.18 to $0.19 with approximately 293 million non-GAAP weighted average shares outstanding.

For earnings history and earnings-related data on Zoom (ZM) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Earnings, Hot Guidance

Related Entities

Earnings