Zeta Global (NYSE:ZETA) Posts Earnings Results, Misses Expectations By $0.26 EPS

Zeta Global (NYSE:ZETA) posted its quarterly earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26), Briefing.com reports. The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.27) EPS. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Price Performance

ZETA opened at $36.77 on Tuesday. The company has a 50 day moving average of $28.99 and a two-hundred day moving average of $22.40. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The company has a market cap of $8.09 billion, a P/E ratio of -41.78 and a beta of 1.29.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Canaccord Genuity Group upped their price objective on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley downgraded Zeta Global from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. B. Riley boosted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada upped their target price on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday. Finally, Craig Hallum raised their price target on shares of Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global has an average rating of “Buy” and an average target price of $35.92.

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.