Ziff Davis (ZD) to Release Quarterly Earnings on Wednesday

Ziff Davis (NASDAQ:ZD) is set to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Ziff Davis has set its FY 2024 guidance at 6.430-6.770 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Wednesday, May 8th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.05. The company had revenue of $314.49 million for the quarter, compared to analyst estimates of $317.71 million. Ziff Davis had a return on equity of 14.26% and a net margin of 4.36%. On average, analysts expect Ziff Davis to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Ziff Davis Stock Performance

ZD opened at $40.17 on Tuesday. The firm has a market cap of $1.85 billion, a P/E ratio of 33.20 and a beta of 1.29. Ziff Davis has a 52-week low of $38.90 and a 52-week high of $70.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.95 and a current ratio of 1.95. The business’s fifty day moving average is $52.34 and its 200-day moving average is $58.10.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ZD shares. Barclays reduced their target price on Ziff Davis from $68.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. JPMorgan Chase & Co. upgraded Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price objective for the company in a research report on Thursday, May 2nd. Citigroup dropped their price objective on Ziff Davis from $62.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Wedbush dropped their price objective on Ziff Davis from $78.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.88.

Ziff Davis Company Profile

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.