Ziff Davis (NASDAQ:ZD – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.430-6.770 for the period, compared to the consensus estimate of 6.600. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Ziff Davis also updated its FY24 guidance to $6.43-6.77 EPS.
Wall Street Analyst Weigh In
A number of research firms recently commented on ZD. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a report on Friday, September 6th. Citigroup lowered their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Barclays decreased their price target on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.
View Our Latest Stock Report on ZD
Ziff Davis Stock Performance
Ziff Davis (NASDAQ:ZD – Get Free Report) last released its earnings results on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $320.80 million during the quarter, compared to the consensus estimate of $332.44 million. Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. As a group, equities research analysts predict that Ziff Davis will post 6.1 EPS for the current year.
Ziff Davis Company Profile
Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.
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