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

Zeta Global (NYSE:ZETA) posted its earnings results on Monday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26), Briefing.com reports. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The company had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same period in the prior year, the business posted ($0.27) earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Price Performance

NYSE:ZETA opened at $17.73 on Thursday. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -25.33 and a beta of 1.29. The company has a 50 day moving average price of $28.90 and a 200-day moving average price of $22.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of analyst reports. Truist Financial restated a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday. Bank of America raised their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. KeyCorp lowered shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday. DA Davidson raised their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Needham & Company LLC lifted their price target on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and a consensus price target of $40.23.

About Zeta Global

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.