Zoom Reports



Zoom Video Communications (NASDAQ:ZM): Q3 Non-GAAP EPS of $0.09 beats by $0.06; GAAP EPS of $0.01 beats by $0.04.

Revenue of $166.59M (+84.9% Y/Y) beats by $10.36M.

Here is the rev growth trend for ZM over the past two years

note that the current year is fiscal 2020, for which Q3 just ended

fiscal 2019
 Q1   Q2   Q3   Q4
125% 126% 120% 108%

fiscal 2020
 Q1   Q2   Q3   
103%  96%  85%

and top end of guidance for Q4 2020 would put them at 66%. If they beat by a similar percentage as they beat the prior guide for Q3, then Q4 2020 will be 77%

That high growth always look great until it starts to decelerate, which can cause the valuations to compress pretty quick.


(ZM is another one that I own a small approx 1% position)