Analysts expect Zynga Inc. (NASDAQ:ZNGA) to announce earnings per share (EPS) of $0.02 for the current quarter, Zacks reports. Five analysts have issued estimates for Zynga’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.03. Zynga reported earnings of ($0.02) per share during the same quarter last year, which suggests a positive year over year growth rate of 200%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Zynga will report full-year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.11. For the next fiscal year, analysts anticipate that the business will post earnings of $0.13 per share, with EPS estimates ranging from $0.11 to $0.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Zynga.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $224.60 million during the quarter, compared to analyst estimates of $211.98 million. Zynga had a negative net margin of 2.65% and a negative return on equity of 1.37%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share.
ZNGA has been the topic of a number of recent analyst reports. Cowen reissued a “buy” rating and issued a $4.50 price target on shares of Zynga in a report on Thursday, October 12th. Wedbush set a $5.00 price target on shares of Zynga and gave the stock a “buy” rating in a report on Wednesday, October 18th. Goldman Sachs Group initiated coverage on shares of Zynga in a report on Friday, September 8th. They issued a “neutral” rating and a $3.90 price target on the stock. Zacks Investment Research raised shares of Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a report on Saturday, November 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $4.11.
In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $3.86, for a total transaction of $46,320.00. Following the completion of the transaction, the director now owns 139,900 shares of the company’s stock, valued at $540,014. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.43% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC raised its position in shares of Zynga by 5.2% in the 1st quarter. Teachers Advisors LLC now owns 789,521 shares of the company’s stock worth $2,250,000 after purchasing an additional 39,216 shares during the last quarter. State Street Corp raised its position in Zynga by 4.5% in the 1st quarter. State Street Corp now owns 9,033,788 shares of the company’s stock worth $25,748,000 after buying an additional 390,205 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Zynga by 0.4% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 184,005 shares of the company’s stock worth $670,000 after buying an additional 820 shares during the last quarter. World Asset Management Inc raised its position in Zynga by 0.4% in the 2nd quarter. World Asset Management Inc now owns 27,842 shares of the company’s stock worth $101,000 after buying an additional 98 shares during the last quarter. Finally, TD Asset Management Inc. purchased a new position in Zynga in the 2nd quarter worth about $894,000. 70.49% of the stock is owned by institutional investors and hedge funds.
Shares of Zynga (ZNGA) traded up $0.12 during trading hours on Tuesday, reaching $3.82. 9,558,200 shares of the company’s stock were exchanged, compared to its average volume of 10,596,041. Zynga has a 12-month low of $2.40 and a 12-month high of $4.34.
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Zynga Company Profile
Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.
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