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

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

Zeta Global Price Performance

Shares of NYSE ZETA opened at $36.77 on Tuesday. The firm has a market cap of $8.09 billion, a P/E ratio of -41.78 and a beta of 1.29. Zeta Global has a twelve month low of $7.65 and a twelve month high of $38.20. 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 company has a 50 day moving average of $28.99 and a 200 day moving average of $22.40.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZETA. Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. B. Riley lifted their price target on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Roth Mkm increased their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. KeyCorp started coverage on Zeta Global in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $40.00 price objective for the company. Finally, Craig Hallum upped their target price on shares of Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $36.46.

About Zeta Global

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.