Zeta Global (ZETA) Set to Announce Quarterly Earnings on Monday

Zeta Global (NASDAQ:ZETA) is scheduled to release its earnings data 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 that wish to register for the company’s conference call can do so using this link.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Tuesday, February 27th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.36). The company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $207.53 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. Zeta Global’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($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 Price Performance

NASDAQ ZETA opened at $12.89 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. The business’s fifty day moving average is $11.04 and its 200 day moving average is $9.60. The company has a market capitalization of $2.82 billion, a PE ratio of -10.65 and a beta of 1.20. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $12.91.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZETA. DA Davidson initiated coverage on Zeta Global in a research note on Wednesday, April 3rd. They set a “buy” rating and a $15.00 price objective for the company. Barclays raised their price objective on shares of Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Morgan Stanley upgraded Zeta Global from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $12.00 to $17.00 in a research note on Thursday, April 4th. TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Zeta Global in a research note on Wednesday, February 28th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Zeta Global currently has an average rating of “Buy” and an average target price of $15.00.

Zeta Global Company Profile

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.