Zeta Global (ZETA) Scheduled to Post Quarterly Earnings on Wednesday

Zeta Global (NASDAQ:ZETA) will announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Zeta Global has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Zeta Global (NASDAQ:ZETA) last released its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.38) earnings per share. On average, analysts expect Zeta Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Zeta Global Stock Performance

Shares of ZETA stock opened at $20.92 on Tuesday. The stock has a market capitalization of $4.58 billion, a P/E ratio of -19.73 and a beta of 1.23. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96. The firm’s 50 day moving average is $17.59 and its 200 day moving average is $13.57. Zeta Global has a 12 month low of $7.24 and a 12 month high of $21.64.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ZETA. Roth Mkm upped their price target on shares of Zeta Global from $21.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. B. Riley upped their price target on shares of Zeta Global from $18.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Canaccord Genuity Group upped their price target on shares of Zeta Global from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Oppenheimer upped their target price on shares of Zeta Global from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Finally, Truist Financial began coverage on shares of Zeta Global in a report on Monday, July 15th. They set a “buy” rating and a $23.00 target price on the stock. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Zeta Global currently has a consensus rating of “Buy” and an average target price of $21.42.

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.