Zeta Global (NYSE:ZETA) Releases Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Zeta Global (NYSE:ZETA) announced 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 13.35% and a negative return on equity of 61.25%. The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same period in the previous year, the firm posted ($0.27) EPS. The company’s revenue was up 42.0% compared to the same quarter last year. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $17.73 on Thursday. The firm has a market capitalization of $3.90 billion, a P/E ratio of -25.33 and a beta of 1.29. Zeta Global has a 52 week low of $7.65 and a 52 week 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 firm’s 50 day moving average is $28.90 and its two-hundred day moving average is $22.48.

Wall Street Analysts Forecast Growth

ZETA has been the topic of a number of recent analyst reports. Roth Mkm upped their target price on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Barclays upped their target price on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday. Craig Hallum upped their target price on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, DA Davidson boosted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $40.23.

Zeta Global Company Profile

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.