$213.57 Million in Sales Expected for Zynga Inc (ZNGA) This Quarter

Equities research analysts expect Zynga Inc (NASDAQ:ZNGA) to announce $213.57 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Zynga’s earnings. The lowest sales estimate is $210.07 million and the highest is $220.00 million. Zynga posted sales of $207.36 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Zynga will report full year sales of $213.57 million for the current fiscal year, with estimates ranging from $897.90 million to $952.00 million. For the next financial year, analysts forecast that the business will post sales of $1.02 billion per share, with estimates ranging from $923.40 million to $1.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Zynga.

Zynga (NASDAQ:ZNGA) last issued its quarterly 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 business had revenue of $233.30 million during 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 quarter in the previous year, the business earned ($0.04) earnings per share.

ZNGA has been the subject of several research reports. Zacks Investment Research lowered shares of Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Credit Suisse Group increased their price target on shares of Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a research note on Thursday, February 8th. Wedbush set a $5.00 price target on shares of Zynga and gave the stock a “buy” rating in a research note on Wednesday, October 18th. BidaskClub upgraded shares of Zynga from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 6th. Finally, Jefferies Group restated a “buy” rating and set a $5.00 price objective on shares of Zynga in a research note on Sunday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.19.

Shares of Zynga (NASDAQ ZNGA) traded up $0.03 during trading on Wednesday, hitting $3.45. 11,925,500 shares of the company traded hands, compared to its average volume of 15,651,508. The company has a market cap of $2,977.26, a price-to-earnings ratio of 115.04, a price-to-earnings-growth ratio of 3.14 and a beta of 0.51. Zynga has a 52 week low of $2.55 and a 52 week high of $4.34.

In other news, COO Matthew S. Bromberg sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $3.92, for a total transaction of $78,400.00. Following the sale, the chief operating officer now owns 274,206 shares of the company’s stock, valued at approximately $1,074,887.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bernard Jin Kim sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $3.94, for a total transaction of $197,000.00. Following the sale, the insider now directly owns 349,450 shares in the company, valued at approximately $1,376,833. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 256,000 shares of company stock worth $1,007,560. Insiders own 12.43% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ZNGA. Bourgeon Capital Management LLC boosted its holdings in shares of Zynga by 147.1% in 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 boosted its holdings in shares of Zynga by 23.2% in 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 position in shares of Zynga in the fourth quarter worth approximately $114,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Zynga in the third quarter worth approximately $150,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Zynga in the fourth quarter worth approximately $178,000. 70.86% of the stock is currently owned by institutional investors.

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About Zynga

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.

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Earnings History and Estimates for Zynga (NASDAQ:ZNGA)

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