For companies with multiple common share classes, market capitalization includes both classes. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. Market Capitalization Reflects the total market value of a company. Earnings Per Share (TTM) A company's net income for the trailing twelve month period expressed as a dollar amount per fully diluted shares outstanding.
ZM stock was down 15.4% as of Tuesday morning.P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations for the trailing 12 month period. That’s a significant increase over its daily average trading volume of about 3.2 million shares.
As of this writing, more than 15 million shares of the stock have changed hands. It’s also worth pointing out that ZM stock is seeing heavy trading alongside this news. We launched Zoom Apps, bringing over 50 apps directly into the Zoom experience, and Zoom Events, an all-in-one digital events service.” Q2 also marked several milestones on our expansion beyond the UC platform. “In Q2, we achieved our first billion dollar revenue quarter while delivering strong profitability and cash flow. Revenue of $1.02 billion was also better than the $990.96 million that analysts were expecting.Įric Yuan, founder and CEO of Zoom Video, said the following in the earnings report affecting ZM stock today.Its adjusted earnings per share for the current quarter was $1.36, which beat out Wall Street’s estimate of $1.16.These are pulling down an otherwise solid earnings report for the company.That’s a result of schools and businesses using the company’s services less and less to hold virtual meetings.There’s also the fact that Zoom Video is seeing slower growth now that lockdowns are coming to an end.This would have it missing Wall Street’s estimate of $1.09 for the quarter.That begins with an outlook for Q3 that includes adjusted earnings per share of $1.07 to $1.08.
The biggest problem facing Zoom Video this morning is its guidance for the upcoming quarter.Let’s dive into that earnings report below to see what has ZM stock falling today.