Zynga Inc Expected to Earn Q1 2018 Earnings of $0.00 Per Share (ZNGA)

Zynga Inc (NASDAQ:ZNGA) – Stock analysts at Wedbush issued their Q1 2018 earnings per share (EPS) estimates for Zynga in a research report issued to clients and investors on Thursday. Wedbush analyst M. Pachter expects that the company will post earnings per share of $0.00 for the quarter. Wedbush currently has a “Buy” rating and a $6.00 target price on the stock. Wedbush also issued estimates for Zynga’s Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at $0.05 EPS.

Zynga (NASDAQ:ZNGA) last issued its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The company had revenue of $233.30 million for the quarter, compared to the consensus estimate of $218.64 million. Zynga had a return on equity of 1.66% and a net margin of 3.09%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share.

Several other research firms also recently weighed in on ZNGA. Zacks Investment Research downgraded shares of Zynga from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 13th. Consumer Edge assumed coverage on shares of Zynga in a report on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 price objective on the stock. KeyCorp restated a “hold” rating on shares of Zynga in a report on Tuesday, October 17th. BidaskClub downgraded shares of Zynga from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Credit Suisse Group upped their price objective on shares of Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.19.

Zynga (ZNGA) opened at $3.31 on Monday. Zynga has a 1-year low of $2.40 and a 1-year high of $4.34. The firm has a market cap of $2,880.00, a price-to-earnings ratio of 110.33, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51.

In other news, COO Matthew S. Bromberg sold 50,000 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $3.95, for a total value of $197,500.00. Following the completion of the sale, the chief operating officer now owns 294,206 shares in the company, valued at $1,162,113.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $3.97, for a total transaction of $47,640.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,000 shares of company stock valued at $1,007,560. 12.43% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bourgeon Capital Management LLC increased its holdings in Zynga by 147.1% during the fourth quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock worth $101,000 after buying an additional 15,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Zynga by 23.2% during the second quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock worth $112,000 after buying an additional 5,815 shares during the last quarter. Crow Point Partners LLC purchased a new stake in Zynga during the fourth quarter worth about $114,000. Dynamic Technology Lab Private Ltd purchased a new stake in Zynga during the third quarter worth about $150,000. Finally, Prudential Financial Inc. increased its holdings in Zynga by 9.1% during the second quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock worth $162,000 after buying an additional 3,700 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

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Zynga Company Profile

Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

Earnings History and Estimates for Zynga (NASDAQ:ZNGA)

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