Zeta Global (NASDAQ:ZETA) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Zeta Global (NASDAQ:ZETA) posted its earnings results on Monday. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.02, Briefing.com reports. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.38) earnings per share. Zeta Global updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Zeta Global Trading Up 18.2 %

Shares of ZETA opened at $15.37 on Wednesday. Zeta Global has a 52-week low of $7.24 and a 52-week high of $15.90. The business’s fifty day moving average is $11.33 and its 200-day moving average is $9.77. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of recent research reports. Needham & Company LLC raised their price objective on Zeta Global from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. B. Riley raised their price objective on Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a research note on Tuesday. Barclays raised their price objective on Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday. TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a research note on Tuesday, January 30th. Finally, Bank of America raised their price objective on Zeta Global from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Zeta Global has a consensus rating of “Buy” and an average price target of $18.75.

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.