Zeta Global (ZETA) to Release Earnings on Monday

Zeta Global (NASDAQ:ZETA) is scheduled to be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Zeta Global has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.36). The firm had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $207.53 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.36) earnings per share. On average, analysts expect Zeta Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Zeta Global Stock Up 1.6 %

ZETA stock opened at $12.82 on Friday. Zeta Global has a 52 week low of $7.24 and a 52 week high of $12.99. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. The company has a market cap of $2.80 billion, a P/E ratio of -10.59 and a beta of 1.12. The company’s 50-day moving average price is $11.23 and its 200 day moving average price is $9.70.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ZETA. Barclays boosted their price target on Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 28th. DA Davidson started coverage on shares of Zeta Global in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $15.00 target price on the stock. Morgan Stanley upgraded Zeta Global from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $12.00 to $17.00 in a research note on Thursday, April 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Zeta Global in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Zeta Global has an average rating of “Buy” and a consensus target price of $15.00.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.