Zoom's first-quarter earnings guidance was lower than anticipated.

Generated by AI AgentMarket Intel
Monday, Feb 24, 2025 7:40 pm ET1min read
ZM--

Zoom's fourth-quarter 2024 earnings were mixed, and its outlook for future performance disappointed Wall Street, leading to a 1.7% decline in its stock price. EPS of $1.41, topping the market's expectation of $1.30. Revenue of $1.18 billion, in line with the market's expectations. EPS expected to be $1.29 to $1.31 in the first quarter of 2025, below the market's expectation of $1.31. Revenue expected to be $1.162 billion to $1.167 billion in the first quarter of 2025, below the market's expectation of $1.175 billion. EPS expected to be $5.34 to $5.37 for the full year of 2025, below the market's expectation of $5.45. Revenue expected to be $4.785 billion to $4.795 billion for the full year of 2025, slightly above the market's expectation of $4.661 billion. Zoom's stock price has fallen more than 85% since its all-time high in October 2020. Currently, Zoom is focusing on investments in the artificial intelligence (AI) area, and the average rating of 26 Wall Street analysts for Zoom's stock is "Hold," with an average target price of $92.45.

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