Zynga (ZNGA) Expected to Post Earnings of $0.03 Per Share

Equities analysts expect that Zynga (NASDAQ:ZNGA) will report earnings of $0.03 per share for the current quarter, according to Zacks. Five analysts have made 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 posted earnings of $0.02 per share during the same quarter last year, which would suggest a positive year over year growth rate of 50%. The business is scheduled to report its next earnings results on Wednesday, August 1st.

On average, analysts expect that Zynga will report full year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.12 to $0.15. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.18 per share, with EPS estimates ranging from $0.14 to $0.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Zynga.

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Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $208.23 million during the quarter, compared to analysts’ expectations of $204.05 million. Zynga had a return on equity of 2.57% and a net margin of 4.77%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) earnings per share.

ZNGA has been the subject of a number of analyst reports. Zacks Investment Research cut Zynga from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 13th. BidaskClub cut Zynga from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Wedbush set a $6.00 price target on Zynga and gave the stock a “buy” rating in a research report on Thursday, February 8th. Credit Suisse Group upped their price target on Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a research report on Thursday, February 8th. Finally, Jefferies Group restated a “buy” rating and issued a $5.00 price target on shares of Zynga in a research report on Sunday, February 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $4.24.

Shares of ZNGA opened at $3.90 on Monday. The company has a market capitalization of $3.29 billion, a PE ratio of 130.00, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50.

In related news, COO Matthew S. Bromberg sold 20,000 shares of the stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $3.57, for a total transaction of $71,400.00. Following the completion of the sale, the chief operating officer now owns 340,056 shares in the company, valued at $1,213,999.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $3.52, for a total value of $42,240.00. Following the transaction, the director now owns 229,321 shares of the company’s stock, valued at approximately $807,209.92. The disclosure for this sale can be found here. Insiders have sold 56,000 shares of company stock valued at $202,680 in the last quarter. 11.87% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA grew its holdings in Zynga by 7.3% during the 1st quarter. Federated Investors Inc. PA now owns 204,096 shares of the company’s stock valued at $747,000 after buying an additional 13,815 shares in the last quarter. Bourgeon Capital Management LLC grew its holdings in Zynga by 147.1% during the 4th quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock valued at $101,000 after buying an additional 15,000 shares in the last quarter. Sawtooth Solutions LLC grew its holdings in Zynga by 98.6% during the 4th quarter. Sawtooth Solutions LLC now owns 36,515 shares of the company’s stock valued at $146,000 after buying an additional 18,131 shares in the last quarter. California State Teachers Retirement System grew its holdings in Zynga by 2.2% during the 4th quarter. California State Teachers Retirement System now owns 1,293,875 shares of the company’s stock valued at $5,176,000 after buying an additional 27,744 shares in the last quarter. Finally, Crow Point Partners LLC purchased a new position in Zynga during the 4th quarter valued at approximately $114,000. Institutional investors and hedge funds own 72.35% of the company’s stock.

Zynga Company Profile

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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