Zynga Inc (ZNGA) Releases FY14 Earnings Guidance
Zynga Inc (NASDAQ:ZNGA) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.01)-$0.00 for the period, compared to the Thomson Reuters consensus estimate of $0.02, Analyst Ratings.Net reports. The company issued revenue guidance of $695-725 million, compared to the consensus revenue estimate of $737.81 million.Zynga also updated its Q3 guidance to ($0.01)-$0.00 EPS.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. reiterated a hold rating on shares of Zynga in a research note on Tuesday. They now have a $3.08 price target on the stock, down previously from $3.52. Analysts at Piper Jaffray cut their price target on shares of Zynga from $5.00 to $4.50 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Zynga has an average rating of Hold and an average target price of $4.47.
Zynga Inc (NASDAQ:ZNGA) traded up 4.66% on Thursday, hitting $2.92. The stock had a trading volume of 52,987,748 shares. Zynga Inc has a 52-week low of $2.72 and a 52-week high of $5.89. The stock’s 50-day moving average is $3.06 and its 200-day moving average is $3.91. The company’s market cap is $2.583 billion.
Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $191.21 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was down 33.7% on a year-over-year basis. On average, analysts predict that Zynga Inc will post $0.02 earnings per share for the current fiscal year.
Zynga Inc (NASDAQ:ZNGA) is the provider of social game services.
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