j2 Global, Inc. (NASDAQ:JCOM) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $5.60-$6.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.77. The company issued revenue guidance of $1.107-$1.147 billion, compared to the consensus revenue estimate of $1.13 billion.

j2 Global (NASDAQ:JCOM) last issued its earnings results on Thursday, August 3rd. The technology company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The business had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $271.89 million. j2 Global had a return on equity of 26.62% and a net margin of 14.74%. j2 Global’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of j2 Global from a hold rating to a sell rating in a report on Wednesday, August 9th. BidaskClub lowered shares of j2 Global from a buy rating to a hold rating in a report on Wednesday, July 5th. Robert W. Baird reissued a buy rating and issued a $94.00 price target on shares of j2 Global in a report on Friday, September 1st. Citigroup Inc. cut their price target on shares of j2 Global from $89.00 to $88.00 and set a neutral rating on the stock in a report on Monday, August 7th. Finally, ValuEngine raised shares of j2 Global from a hold rating to a buy rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $101.75.

TRADEMARK VIOLATION WARNING: “j2 Global, Inc. (JCOM) Issues FY17 Earnings Guidance” was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/02/j2-global-inc-jcom-issues-fy17-earnings-guidance.html.

j2 Global Company Profile

j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).

Receive News & Ratings for j2 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for j2 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.