Zoom Video Communications (ZM) has regained attention as it now holds a Zacks Rank #1 (Strong Buy), reflecting positive EPS revisions among analysts. The current Zacks Consensus EPS estimate for the company’s fiscal year stands at $5.96, representing a nearly 13% increase compared to last year, while revenue is projected at $4.8 billion, up approximately 2% in the same timeframe.
During the pandemic, Zoom’s stock surged due to a spike in demand for its unified communications platform. However, following a post-COVID return to the office, the company faced challenges that led to a decline in share performance. Recent upward estimate revisions suggest a potential turnaround for the stock, highlighting a renewed bullish sentiment.
