Ziff Davis (ZD) Set to Announce Earnings on Thursday

Ziff Davis (NASDAQ:ZD) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Ziff Davis to post earnings of $1.34 per share for the quarter. Ziff Davis has set its FY24 guidance at $6.43-6.77 EPS and its FY 2024 guidance at 6.430-6.770 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08). The business had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. Ziff Davis’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share. 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 Price Performance

Shares of ZD opened at $46.69 on Tuesday. Ziff Davis has a twelve month low of $37.76 and a twelve month high of $70.90. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $47.36 and a 200-day moving average of $49.97. The stock has a market capitalization of $2.09 billion, a P/E ratio of 28.82 and a beta of 1.29.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ZD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Barclays dropped their target price on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Citigroup decreased their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.50.

About Ziff Davis

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.