Ziff Davis (NASDAQ:ZD) Releases FY 2024 Earnings Guidance

Ziff Davis (NASDAQ:ZDGet 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

Shares of NASDAQ:ZD traded up $7.66 during trading on Friday, hitting $56.65. 1,380,366 shares of the company were exchanged, compared to its average volume of 381,991. The company has a market cap of $2.53 billion, a PE ratio of 34.97 and a beta of 1.29. The stock has a 50 day moving average of $47.60 and a 200 day moving average of $49.93. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.91.

Ziff Davis (NASDAQ:ZDGet 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

(Get Free Report)

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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