Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Zoom Video Communications Q3 earnings: Can they turn the tide after two-year selloff?

Zoom Video Communications earnings bring the pandemic posterchild back into view as the stock falls back towards pre-pandemic levels

Source: Bloomberg

When will Zoom Video Communications report their latest earnings?

Zoom will post its financial results for the third-quarter of the fiscal year 2023 after market close on Monday, November 21, 2022.

Zoom earnings –What should traders look out for?

Zoom shares have been on a rollercoaster ride over the past three-years, with the communications company turning into a household name overnight thanks to the Pandemic. The hastened transition towards online communication has helped lift the company out of relative obscurity, although the decline in Covid cases also brought the stock down with it. This takes the share price back down to levels not seen since the very inception of the pandemic; when Italy was welcoming the first version of the virus to European shores. However, things have changed significantly since those times, with the optimism around prospective future earnings having been exchanged for real incomes and fears that the return to the office further hurts income. Remarkably, while the share price is back at the same levels as February 2020, revenues are expected to come in almost six-times higher.

Does this provide a buying opportunity, or will we continue to see traders focus on the negatives?

The company has managed to introduce a suite of products over the years, helping to drive up potential income in a post-Covid world. Zoom Video Webinars, Zoom Rooms, Zoom Phones, Zoom One, and Zoom Node all provide different packages aimed at lifting income over time. However, with competitors such as Cisco, Microsoft, and Google all offering alternative products, there is a fear that the market becomes oversaturated and difficult to dominate. Coming at a time when tech stocks are finding themselves under pressure from rising interest rates, can Zoom finally start to turn the corner after a difficult two-years?

Zoom earnings – what to expect

Revenue – $1.1 billion vs $1.05 billion (Q3 2021), and $1.1 billion (Q2 2022).
Earnings per share (EPS) – $0.84 vs $1.11 (Q3 2021) and $1.05 (Q2 2022).

Zoom earnings – valuation and broker ratings

Analysts are largely hesitant for Zoom shares, with 2 ‘strong buys’, 7 ‘buys’, and a whopping 23 ‘hold’ recommendations. On the sell side, there is 1 ‘sell’ and 1 'strong sell' broker ratings.

Source: Eikon

Zoom shares – technical analysis

Zoom shares have been attempting to regain ground over the course of the past six-weeks, with the wider rebound in equity markets helping to lift this stock somewhat too. However, the weekly chart highlights how the stock remains within a bearish trend that has been playing out for two-years now. Crucially, it is worthwhile noting the existence of the $61.05 support level down below given that it represents the pre-Covid lows. Before that, the recent low of $70.44 provides the first hurdle on the way down. Ultiately, while we could see further upside over the near-term, we would need to see a break up through the $124.78 swing-high to end this two-year sell-off.

Source: ProRealTime

On the daily chart, we have seen the stock push through $85.74 resistance, bringing about a fresh two-month high last week. This points towards a potential recovery phase for the stock, even if it is a retracement before the bears come back into play. To the upside, keep an eye out for those Fibonacci resistance levels up ahead as points of reference where the sellers could come back into play.

Source: ProRealTime

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access
Learn more

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.