Brokerages Expect Zynga Inc (ZNGA) to Announce $0.04 EPS

Analysts expect that Zynga Inc (NASDAQ:ZNGA) will announce $0.04 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Zynga’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.06. Zynga reported earnings per share of $0.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The company is scheduled to report its next earnings report on Wednesday, February 6th.

On average, analysts expect that Zynga will report full year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.13 to $0.18. For the next financial year, analysts anticipate that the company will post earnings of $0.17 per share, with EPS estimates ranging from $0.15 to $0.21. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Zynga.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Zynga had a return on equity of 1.89% and a net margin of 3.12%. The company had revenue of $233.24 million for the quarter, compared to analysts’ expectations of $224.54 million. During the same period last year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

Several brokerages have recently issued reports on ZNGA. BidaskClub upgraded Zynga from a “strong sell” rating to a “sell” rating in a research report on Friday, August 31st. Zacks Investment Research cut Zynga from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Zynga from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Morgan Stanley raised their price objective on Zynga from $4.70 to $5.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Finally, Wedbush set a $6.00 price objective on Zynga and gave the stock a “buy” rating in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.82.

Shares of ZNGA stock traded down $0.18 during mid-day trading on Friday, hitting $3.61. 16,997,800 shares of the stock traded hands, compared to its average volume of 14,570,886. Zynga has a twelve month low of $3.20 and a twelve month high of $4.57. The stock has a market cap of $3.35 billion, a PE ratio of 120.33, a price-to-earnings-growth ratio of 1.80 and a beta of 0.42.

In other news, Director Mark J. Pincus sold 437,322 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $3.70, for a total transaction of $1,618,091.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $3.92, for a total value of $47,040.00. Following the sale, the director now directly owns 213,277 shares of the company’s stock, valued at $836,045.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 576,322 shares of company stock valued at $2,177,796. Corporate insiders own 11.87% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB boosted its position in shares of Zynga by 48.8% in the first quarter. Xact Kapitalforvaltning AB now owns 121,075 shares of the company’s stock worth $443,000 after buying an additional 39,700 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Zynga by 75.2% in the first quarter. Allianz Asset Management GmbH now owns 3,350,137 shares of the company’s stock worth $12,262,000 after buying an additional 1,438,155 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Zynga by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 84,620 shares of the company’s stock worth $344,000 after buying an additional 24,190 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Zynga in the second quarter worth $373,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Zynga in the second quarter worth $254,000. 74.60% of the stock is owned by institutional investors and hedge funds.

About Zynga

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.

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