Zeta Global (NYSE:ZETA) Posts Earnings Results, Misses Expectations By $0.26 EPS

Zeta Global (NYSE:ZETA) announced its quarterly earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26), Briefing.com reports. The company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the business posted ($0.27) EPS. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Stock Up 3.3 %

Shares of Zeta Global stock opened at $36.77 on Tuesday. The stock’s fifty day moving average is $28.99 and its 200-day moving average is $22.40. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $8.09 billion, a PE ratio of -41.78 and a beta of 1.29. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ZETA shares. Truist Financial reiterated a “buy” rating and issued a $35.00 target price (up from $30.00) on shares of Zeta Global in a research note on Friday, September 27th. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $18.00 to $30.00 in a research report on Thursday, August 1st. DA Davidson boosted their price objective on Zeta Global from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Roth Mkm raised their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, KeyCorp initiated coverage on Zeta Global in a research note on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 target price on the stock. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $35.92.

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.