Zoom Video posts adjusted EPS, revenue beat

Zoom reported earnings that beat estimates. Zoom reported an adjusted EPS of $1.22 and revenue of $882.5M, compared to Street estimastes of an adjusted EPS of 79 cents and revenue of $811M. Yahoo Finance's Jared Blikre joined Yahoo Finance Live to break down the key metrics.

Video transcript

SEANA SMITH: The earnings keep rolling in. Zoom is now out with its results. Shares moving higher once again here after hours. Jared, what do you have?

JARED BLIKRE: Feeding a race here. Zoom's up about 5% on the YFi Interactive, but let me go through the numbers here because we got the fourth quarter results adjusted EPS coming in at $1.22 per share. Estimate was for $0.79, so that is quite the beat there. Remember, this company came to the market. It listed on the exchange when they were already profitable.

Also, revenue of $882 and 1/2 million versus the estimate of a lower estimate of $811 million. Free cash flow also beating estimates, coming in at $378 million. Estimate was for about 202. And then the cash and cash equivalents on its balance sheet, $2.24 billion versus the estimates of $1.05 billion, so literally doubling that. And then the forecast here looking pretty good as well. They're saying revenue of $3.76 billion to $3.78 billion. Estimate was for lower, at 3.53. Also, adjusted EPS for the full year, they're expecting that to come in at 3.59 to 3.65. Estimate was for quite a bit lower, about $2.97.

So, hitting on all those key metrics all around here. Like I said, nice beat and array. Stock's up about 5%. Also noting that this was our-- or excuse me, our stock of the year, company of the year, for 2020. It's still off about 30% from its highs. But you can see, after consolidating after the last few months here, it'd be really nice. And maybe this is a catalyst that it has to create a new rally. Maybe you can search those old highs again.