Brokerages Anticipate Zynga Inc (NASDAQ:ZNGA) to Post $0.05 Earnings Per Share

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Wall Street analysts predict that Zynga Inc (NASDAQ:ZNGA) will announce $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Zynga’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.07. Zynga reported earnings of $0.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 150%. The firm is scheduled to report its next earnings report on Wednesday, February 5th.

On average, analysts expect that Zynga will report full-year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.31. For the next financial year, analysts forecast that the firm will report earnings of $0.27 per share, with EPS estimates ranging from $0.21 to $0.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Zynga.

Zynga (NASDAQ:ZNGA) last released its earnings results on Wednesday, October 30th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Zynga had a net margin of 3.94% and a negative return on equity of 11.86%. The business had revenue of $345.29 million during the quarter, compared to analyst estimates of $330.56 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Zynga from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Robert W. Baird set a $8.00 price objective on shares of Zynga and gave the company a “buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $7.00 price objective on shares of Zynga in a report on Wednesday, September 18th. BidaskClub lowered shares of Zynga from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Finally, Wedbush reaffirmed an “outperform” rating and set a $9.00 target price on shares of Zynga in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $7.17.

In other Zynga news, Director Ellen F. Siminoff sold 5,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $6.11, for a total transaction of $30,550.00. Following the completion of the sale, the director now directly owns 229,092 shares in the company, valued at approximately $1,399,752.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Miles Ryan sold 28,943 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $5.79, for a total value of $167,579.97. Following the sale, the insider now owns 15,784 shares of the company’s stock, valued at $91,389.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,387,832 shares of company stock valued at $8,657,088. 9.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Comerica Bank grew its position in shares of Zynga by 1.7% during the 3rd quarter. Comerica Bank now owns 159,476 shares of the company’s stock valued at $982,000 after purchasing an additional 2,656 shares in the last quarter. World Asset Management Inc grew its position in Zynga by 15.4% in the second quarter. World Asset Management Inc now owns 20,878 shares of the company’s stock worth $128,000 after acquiring an additional 2,785 shares in the last quarter. Westpac Banking Corp increased its holdings in shares of Zynga by 0.9% in the second quarter. Westpac Banking Corp now owns 297,994 shares of the company’s stock worth $1,827,000 after buying an additional 2,800 shares during the period. River & Mercantile Asset Management LLP lifted its stake in shares of Zynga by 0.3% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 1,096,389 shares of the company’s stock valued at $6,715,000 after acquiring an additional 2,800 shares during the last quarter. Finally, First Hawaiian Bank lifted its stake in shares of Zynga by 26.8% in the 2nd quarter. First Hawaiian Bank now owns 15,428 shares of the company’s stock valued at $95,000 after acquiring an additional 3,259 shares during the last quarter. Hedge funds and other institutional investors own 77.40% of the company’s stock.

Shares of ZNGA traded up $0.07 during mid-day trading on Wednesday, reaching $6.22. The stock had a trading volume of 11,091,479 shares, compared to its average volume of 16,969,127. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.12 and a quick ratio of 2.12. Zynga has a 52-week low of $3.48 and a 52-week high of $6.65. The business’s fifty day moving average is $6.22 and its 200 day moving average is $6.10. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 311.00, a P/E/G ratio of 2.95 and a beta of 0.30.

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 Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.

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