$0.05 EPS Expected for Zynga Inc (NASDAQ:ZNGA) This Quarter

Wall Street analysts predict that Zynga Inc (NASDAQ:ZNGA) will report $0.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Zynga’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.03. Zynga reported earnings per share of $0.03 in the same quarter last year, which suggests a positive year-over-year growth rate of 66.7%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, October 30th.

According to Zacks, analysts expect that Zynga will report full-year earnings of $0.22 per share for the current year, with EPS estimates ranging from $0.15 to $0.28. For the next financial year, analysts expect that the company will post earnings of $0.27 per share, with EPS estimates ranging from $0.19 to $0.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Zynga.

Zynga (NASDAQ:ZNGA) last released its earnings results on Wednesday, July 31st. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). Zynga had a negative return on equity of 10.42% and a negative net margin of 16.50%. The firm had revenue of $306.50 million during the quarter, compared to analyst estimates of $293.18 million. The business’s revenue was up 41.2% on a year-over-year basis.

Several analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $7.00 price objective on shares of Zynga in a research note on Wednesday, September 18th. ValuEngine cut shares of Zynga from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Jefferies Financial Group assumed coverage on shares of Zynga in a research note on Thursday, July 11th. They issued a “buy” rating and a $7.50 price objective for the company. Robert W. Baird set a $8.00 price objective on shares of Zynga and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Bank of America raised their price objective on shares of Zynga from $6.60 to $6.70 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Zynga currently has an average rating of “Hold” and an average target price of $6.96.

Shares of NASDAQ ZNGA traded down $0.01 during midday trading on Friday, hitting $6.23. The company had a trading volume of 19,833,197 shares, compared to its average volume of 16,451,662. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.33. Zynga has a twelve month low of $3.32 and a twelve month high of $6.65. The business has a 50-day simple moving average of $5.93 and a two-hundred day simple moving average of $5.96. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 311.50, a price-to-earnings-growth ratio of 3.19 and a beta of 0.28.

In other Zynga news, CAO Jeffrey Buckley sold 34,663 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $6.14, for a total transaction of $212,830.82. Following the completion of the transaction, the chief accounting officer now directly owns 54,587 shares in the company, valued at approximately $335,164.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen F. Siminoff sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $6.16, for a total transaction of $30,800.00. Following the transaction, the director now owns 336,052 shares of the company’s stock, valued at $2,070,080.32. The disclosure for this sale can be found here. Insiders have sold a total of 283,212 shares of company stock valued at $1,688,731 over the last 90 days. 9.40% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Zynga by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 74,896,553 shares of the company’s stock valued at $459,116,000 after acquiring an additional 1,274,882 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Zynga by 13.0% during the first quarter. First Trust Advisors LP now owns 25,671,314 shares of the company’s stock worth $136,828,000 after buying an additional 2,958,148 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Zynga by 1,172.6% during the second quarter. Renaissance Technologies LLC now owns 19,411,800 shares of the company’s stock worth $118,994,000 after buying an additional 17,886,400 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Zynga by 592.1% during the second quarter. Invesco Ltd. now owns 19,295,680 shares of the company’s stock worth $118,283,000 after buying an additional 16,507,732 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Zynga by 18.2% during the second quarter. TimesSquare Capital Management LLC now owns 15,672,800 shares of the company’s stock worth $96,074,000 after buying an additional 2,416,500 shares in the last quarter. Hedge funds and other institutional investors own 72.10% of the company’s stock.

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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