Zoom Video Communications Inc (NASDAQ:ZM) is scheduled to report earnings after the market closes on Monday and investors will be watching for whether the company can outperform the Street’s flat revenue expectations.
The company is expected to report revenue of $1.1 billion, up 1% year-over-year, and earnings of $1.07 per share, little changed from $1.05 a year earlier.
Zoom has struggled to generate growth with workers increasingly back in the office following the Covid-19 pandemic. As a result, the company is working to build more artificial intelligence tools into its platform.
Future revenue growth will depend in part on the success of those tools and Zoom’s ability to become a broader business communications platform.
A quarter ago, Zoom managed to beat Street expectations, but sales growth decreased for the ninth-consecutive period to $1.105 billion. That, coupled with analyst expectations, makes it an open question as to whether that streak gets extended to 10th.
Shares of Zoom rose 1.6% Friday afternoon to $66.39.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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