Zynga Inc (NASDAQ:ZNGA) Expected to Announce Earnings of $0.06 Per Share

Equities research analysts predict that Zynga Inc (NASDAQ:ZNGA) will announce earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Zynga’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.03. Zynga reported earnings per share of $0.02 during the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The company is scheduled to report its next earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that Zynga will report full-year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $0.31. For the next year, analysts expect that the business will report earnings of $0.27 per share, with EPS estimates ranging from $0.21 to $0.30. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Zynga.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. Zynga had a net margin of 3.94% and a negative return on equity of 11.86%. The company had revenue of $345.29 million for the quarter, compared to analyst estimates of $330.56 million. During the same period in the prior year, the company posted $0.01 EPS. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis.

ZNGA has been the topic of a number of recent analyst reports. SunTrust Banks initiated coverage on shares of Zynga in a research report on Monday, January 6th. They issued a “buy” rating and a $7.50 price objective on the stock. KeyCorp initiated coverage on shares of Zynga in a research note on Tuesday, January 14th. They issued an “overweight” rating and a $8.50 target price on the stock. BidaskClub upgraded shares of Zynga from a “strong sell” rating to a “sell” rating in a research note on Friday, January 10th. Zacks Investment Research downgraded shares of Zynga from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, ValuEngine downgraded shares of Zynga from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $7.36.

In other Zynga news, Director Ellen F. Siminoff sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $6.85, for a total value of $34,250.00. Following the transaction, the director now directly owns 122,478 shares in the company, valued at approximately $838,974.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Miles Ryan sold 15,625 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $6.21, for a total transaction of $97,031.25. Following the transaction, the insider now owns 72,034 shares in the company, valued at $447,331.14. The disclosure for this sale can be found here. Insiders sold a total of 2,256,980 shares of company stock worth $14,456,146 over the last 90 days. Insiders own 9.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First National Bank of Omaha boosted its stake in shares of Zynga by 15.8% during the fourth quarter. First National Bank of Omaha now owns 18,260 shares of the company’s stock valued at $112,000 after purchasing an additional 2,490 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Zynga by 15.9% during the fourth quarter. Tributary Capital Management LLC now owns 289,100 shares of the company’s stock valued at $1,769,000 after purchasing an additional 39,700 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Zynga by 32.3% during the fourth quarter. Wedbush Securities Inc. now owns 64,523 shares of the company’s stock valued at $395,000 after purchasing an additional 15,742 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Zynga during the fourth quarter valued at approximately $538,000. Finally, DNB Asset Management AS bought a new position in shares of Zynga during the fourth quarter valued at approximately $16,294,000. Hedge funds and other institutional investors own 77.40% of the company’s stock.

Zynga stock traded down $0.14 during midday trading on Friday, reaching $6.67. The stock had a trading volume of 23,107,939 shares, compared to its average volume of 13,009,400. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.36. Zynga has a 52-week low of $4.21 and a 52-week high of $6.92. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 166.75, a price-to-earnings-growth ratio of 2.74 and a beta of 0.29. The company has a fifty day moving average of $6.32 and a 200 day moving average of $6.14.

Zynga Company Profile

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.

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