Brokerages Expect Zynga Inc (ZNGA) Will Post Earnings of $0.02 Per Share

Analysts forecast that Zynga Inc (NASDAQ:ZNGA) will report $0.02 earnings per share for the current quarter, according to Zacks. Five analysts have issued estimates for Zynga’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.02. Zynga posted earnings per share of ($0.02) in the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The business is expected to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Zynga will report full year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.11. For the next year, analysts expect that the firm will post earnings of $0.13 per share, with EPS estimates ranging from $0.11 to $0.17. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Zynga.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The company had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $211.98 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis.

Several equities research analysts have recently commented on ZNGA shares. Cowen restated a “buy” rating and set a $4.50 price target on shares of Zynga in a research note on Thursday, October 12th. Wedbush set a $5.00 price target on Zynga and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a research note on Saturday, November 11th. BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, KeyCorp restated a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Zynga presently has a consensus rating of “Buy” and an average target price of $4.14.

Zynga (ZNGA) remained flat at $$3.97 during trading on Monday. The company had a trading volume of 7,703,800 shares, compared to its average volume of 8,730,000. Zynga has a 52 week low of $2.40 and a 52 week high of $4.34. The firm has a market cap of $3,460.00, a PE ratio of -132.33, a PEG ratio of 2.92 and a beta of 0.76.

In other Zynga news, insider Bernard Jin Kim sold 50,000 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $3.94, for a total value of $197,000.00. Following the sale, the insider now owns 349,450 shares of the company’s stock, valued at $1,376,833. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $3.86, for a total value of $46,320.00. Following the completion of the sale, the director now directly owns 139,900 shares in the company, valued at approximately $540,014. The disclosure for this sale can be found here. Insiders sold 236,000 shares of company stock valued at $930,600 in the last quarter. 12.43% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. boosted its stake in shares of Zynga by 453.4% during the third quarter. Alyeska Investment Group L.P. now owns 7,107,304 shares of the company’s stock valued at $26,866,000 after acquiring an additional 5,822,916 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Zynga by 33.4% during the second quarter. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock valued at $83,755,000 after acquiring an additional 5,759,000 shares during the last quarter. Telemark Asset Management LLC acquired a new stake in shares of Zynga during the third quarter valued at $18,900,000. River & Mercantile Asset Management LLP boosted its stake in shares of Zynga by 126.3% during the third quarter. River & Mercantile Asset Management LLP now owns 7,707,049 shares of the company’s stock valued at $29,171,000 after acquiring an additional 4,301,645 shares during the last quarter. Finally, First Quadrant L P CA boosted its stake in shares of Zynga by 164.3% during the third quarter. First Quadrant L P CA now owns 6,002,422 shares of the company’s stock valued at $22,689,000 after acquiring an additional 3,731,357 shares during the last quarter. 70.45% of the stock is currently owned by institutional investors.

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Zynga Company Profile

Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

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