And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
During this period, the Zacks Internet - Software industry, which Zoom Video falls in, has lost 9.5%.
Over the past month, shares of this video-conferencing company have returned -14.7%, compared to the Zacks S&P 500 composite's -4.5% change.
So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Zoom Video Communications ( ZM Quick Quote ZM - Free Report) is one of the stocks most watched by visitors lately.
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