Read: Zoom is transforming its platform as hybrid work becomes permanent

That outlook assumes that the company’s enterprise business “will grow substantially faster” than its online business, and that the company’s year-over-year revenue growth “will modestly accelerate in the fourth quarter of FY ’23,” Steckelberg told analysts. “Given the improvements we are seeing so far this year, we expect gross margins to be in the range of 76% to 78% for the remainder of the year, which is higher than our previous view of the mid-70s,” said Kelly Steckelberg, Zoom’s chief financial officer, on the call with analysts. Analysts surveyed by FactSet expect $3.60 a share on revenue of $4.55 billion for the year. Back in February, Zoom had forecast earnings of $3.45 to $3.51 a share and revenue of $4.53 billion to $4.55 billion for the year. This was powered by 160% year-over-year growth in customers contributing more than $100,000 in trailing-12-month revenue, and an 87% year-over-year jump in customers with more than 10 employees.For the year, Zoom hiked its forecast earnings to a range of $3.70 to $3.77 a share, while keeping its revenue forecast the same. Revenue in the company’s most recent quarter, for instance, surged 191% year over year. Zoom’s recent quarterly results have shown a company firing on all cylinders. 30, here’s a preview of some things investors should keep in mind. But shares are up 400% from the beginning of 2020, giving the stock a valuation that leaves little room for error.Īhead of the company’s earnings report on Aug. Sure, the growth stock has floundered year to date with a paltry 1% gain. After making a habit of regularly obliterating analyst expectations, the company will need to deliver outstanding results to impress investors.

Video collaboration platform specialist Zoom Video Communications ( NASDAQ:ZM) is set to report its fiscal second-quarter results early next week. If the deal is approved, Zoom’s recently announced acquisition will strengthen its value proposition for enterprise customers.Analysts expect revenue to come in above management’s guidance range.A reopening economy and tough comps mean decelerating growth for Zoom.

Zoom stock earnings date