When lockdown orders were widespread during the pandemic, a handful of stocks massively benefited. It was a fascinating time to be an investor, and those who flocked to the stay-at-home type of stocks were rewarded handsomely with considerable gains.One company’s shares that benefitted immensely was Zoom Video Communications ZM.Zoom Video Communications’ cloud-native unified communications platform, which combines video, audio, phone, screen sharing, and chat functionalities, makes remote-working and collaboration easy.It’s easy to see why the company gained such interest. Now, it’s time for the company to unveil Q3 results on Monday, August 22nd, after market close.How does the communications giant shape up heading into the quarterly print? Let’s take a closer look.Share Performance & ValuationThe fun has come to a complete halt in 2022, with Zoom shares losing more than 40% of their value and coming nowhere near the general market’s performance.Image Source: Zacks Investment ResearchEven over the last month, when the S&P 500 rallied nearly 9%, Zoom shares have lagged, increasing by just 1.7% in value.Image Source: Zacks Investment ResearchIn addition, Zoom shares trade at steep valuation multiples – its 6.7X forward price-to-sales ratio is undoubtedly on the high side, representing a massive 94% premium relative to its Zacks Computer and Technology Sector.Still, the value is beneath its median of 31.7X since its IPO in April 2019.Image Source: Zacks Investment ResearchQuarterly EstimatesTo a bit of a surprise, analysts have been quiet for the quarter to be reported, with zero estimate revisions hitting the tape over the last 60 days. The Zacks Consensus EPS Estimate of $0.92 reflects a steep 33% drop-off in quarterly earnings Y/Y.Image Source: Zacks Investment ResearchHowever, the company’s top line appears to be in much better shape, with the Zacks Consensus Sales Estimate of $1.1 billion reflecting a rock-solid 9.3% uptick from the year-ago quarter.Quarterly Performance & Market ReactionsZoom has been on a stellar earnings streak, impressively exceeding the Zacks Consensus EPS Estimate in 12 consecutive quarters. Just in its latest print, ZM registered a double-digit 17% bottom-line beat.Top-line results have been even more impressive – Zoom has penciled in 13 consecutive top-line beats. Below is a chart illustrating the company’s revenue on a quarterly basis.Image Source: Zacks Investment ResearchIn addition, for day-traders who prefer to play the long side, know this – shares have moved downwards following five of its previous six quarterly reports.Putting Everything TogetherIt’s been quite the fall from glory for Zoom shares in 2022, down by more than 40%. Even over the last month, shares have lagged the S&P 500’s rally.Furthermore, ZM shares trade at steep valuation multiples, nowhere near their Zacks Sector average.Analysts have been quiet for the quarter to be reported, but estimates reflect a declining bottom-line and an increasing top-line.Impressively, the company has chained together a large streak of top and bottom-line beats, but the market hasn’t reacted favorably following the prints as of late.Heading into the release, Zoom Video Communications ZM carries a Zacks Rank #3 (Hold) with an overall VGM Score of a B. Free: Top Stocks for the $30 Trillion Metaverse Boom The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.Download Zacks’ Metaverse Report now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Zoom Video Communications, Inc. (ZM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research