Ziff Davis (NASDAQ:ZD) Issues FY 2022 Earnings Guidance

Ziff Davis (NASDAQ:ZDGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.52-$6.79 for the period, compared to the consensus earnings per share estimate of $6.68. The company issued revenue guidance of $1.50 billion-$1.53 billion, compared to the consensus revenue estimate of $1.52 billion.

A number of analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Ziff Davis from $130.00 to $140.00 in a report on Wednesday, February 16th. Zacks Investment Research cut Ziff Davis from a hold rating to a strong sell rating in a research note on Tuesday, March 15th.

Shares of NASDAQ:ZD traded up $0.80 during mid-day trading on Tuesday, reaching $79.56. The stock had a trading volume of 426,611 shares, compared to its average volume of 360,883. The firm has a 50 day simple moving average of $95.61 and a two-hundred day simple moving average of $102.44. Ziff Davis has a twelve month low of $76.70 and a twelve month high of $147.35. The firm has a market cap of $3.76 billion, a PE ratio of 7.78 and a beta of 1.05. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.53.

Ziff Davis (NASDAQ:ZDGet Rating) last issued its earnings results on Monday, February 14th. The technology company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.97 by $0.11. The firm had revenue of $408.63 million during the quarter, compared to the consensus estimate of $405.06 million. Ziff Davis had a net margin of 29.47% and a return on equity of 27.40%. During the same quarter in the prior year, the firm earned $3.01 earnings per share. On average, equities analysts anticipate that Ziff Davis will post 6.3 EPS for the current fiscal year.

Ziff Davis Company Profile (Get Rating)

Ziff Davis, Inc, together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.

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