Ziff Davis (NASDAQ:ZD – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $6.43-6.77 for the period, compared to the consensus EPS estimate of $6.63. The company issued revenue guidance of $1.411-1.471 billion, compared to the consensus revenue estimate of $1.42 billion. Ziff Davis also updated its FY 2024 guidance to 6.430-6.770 EPS.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ZD. Barclays dropped their price objective on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Citigroup dropped their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Ziff Davis presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.
Get Our Latest Research Report on Ziff Davis
Ziff Davis Stock Up 15.6 %
Ziff Davis (NASDAQ:ZD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The firm had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. During the same period in the prior year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ziff Davis will post 6.1 EPS for the current year.
About Ziff Davis
Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.
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