Zynga Inc (ZNGA) Expected to Post Earnings of $0.05 Per Share

Equities analysts forecast that Zynga Inc (NASDAQ:ZNGA) will report $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Zynga’s earnings, with estimates ranging from $0.03 to $0.08. Zynga posted earnings per share of $0.02 during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The firm is expected to issue its next earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Zynga will report full year earnings of $0.18 per share for the current financial year, with EPS estimates ranging from $0.16 to $0.22. For the next fiscal year, analysts anticipate that the business will post earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.31. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Zynga.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Zynga had a return on equity of 1.14% and a net margin of 1.70%. The company had revenue of $248.69 million during the quarter, compared to analyst estimates of $245.78 million. During the same period in the prior year, the firm earned $0.01 EPS. Zynga’s quarterly revenue was up 6.6% on a year-over-year basis.

A number of analysts have weighed in on ZNGA shares. Barclays set a $4.00 price target on Zynga and gave the stock a “sell” rating in a research report on Sunday, December 23rd. BidaskClub upgraded Zynga from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 5th. Wedbush reiterated a “buy” rating and issued a $6.00 price objective on shares of Zynga in a research note on Friday, October 26th. Goldman Sachs Group initiated coverage on Zynga in a research note on Wednesday, January 30th. They issued a “buy” rating and a $5.30 price objective on the stock. Finally, Macquarie upgraded Zynga from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $4.98.

Shares of NASDAQ:ZNGA traded down $0.04 on Monday, reaching $4.84. The company had a trading volume of 13,102,000 shares, compared to its average volume of 14,683,429. Zynga has a twelve month low of $3.32 and a twelve month high of $5.00. The stock has a market capitalization of $4.21 billion, a P/E ratio of 242.00, a P/E/G ratio of 2.17 and a beta of 0.43.

In other news, COO Matthew S. Bromberg sold 41,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $4.29, for a total value of $178,035.00. Following the transaction, the chief operating officer now directly owns 512,318 shares of the company’s stock, valued at approximately $2,197,844.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Miles Ryan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $3.74, for a total value of $74,800.00. Following the completion of the transaction, the insider now directly owns 226,720 shares in the company, valued at $847,932.80. The disclosure for this sale can be found here. Insiders sold 442,694 shares of company stock worth $1,777,543 over the last quarter. 11.87% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of Zynga by 1,171.4% during the fourth quarter. Parallel Advisors LLC now owns 8,480 shares of the company’s stock worth $33,000 after acquiring an additional 7,813 shares during the period. Enlightenment Research LLC bought a new stake in Zynga during the fourth quarter valued at $46,000. Point View Wealth Management Inc. bought a new stake in Zynga during the fourth quarter valued at $54,000. Hotaling Investment Management LLC bought a new stake in Zynga during the fourth quarter valued at $55,000. Finally, AdvisorNet Financial Inc boosted its position in Zynga by 18.0% during the fourth quarter. AdvisorNet Financial Inc now owns 14,060 shares of the company’s stock valued at $55,000 after acquiring an additional 2,149 shares during the last quarter. 79.03% of the stock is currently 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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Earnings History and Estimates for Zynga (NASDAQ:ZNGA)

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