Zynga closed the most recent trading day at $9.22, moving -1.18% from the previous trading session. This change lagged the S&P 500's 0.06% gain on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.33%.
Wall Street will be looking for positivity from ZNGA as it approaches its next earnings report date. The company is expected to report EPS of $0.06, up 250% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $494.20 million, up 31.31% from the prior-year quarter.
ZNGA's full-year Zacks Consensus Estimates are calling for earnings of $0.29 per share and revenue of $1.85 billion. These results would represent year-over-year changes of +2800% and +18.51%, respectively.
It is also important to note the recent changes to analyst estimates for ZNGA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 15.05% higher within the past month. ZNGA is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, ZNGA is holding a Forward P/E ratio of 32.36. This represents a premium compared to its industry's average Forward P/E of 21.62.
Also, we should mention that ZNGA has a PEG ratio of 2.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Gaming was holding an average PEG ratio of 1.86 at yesterday's closing price.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 135, putting it in the bottom 47% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ZNGA in the coming trading sessions, be sure to utilize Zacks.com.
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Zynga (ZNGA) Stock Sinks As Market Gains: What You Should Know
Zynga closed the most recent trading day at $9.22, moving -1.18% from the previous trading session. This change lagged the S&P 500's 0.06% gain on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.33%.
Wall Street will be looking for positivity from ZNGA as it approaches its next earnings report date. The company is expected to report EPS of $0.06, up 250% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $494.20 million, up 31.31% from the prior-year quarter.
ZNGA's full-year Zacks Consensus Estimates are calling for earnings of $0.29 per share and revenue of $1.85 billion. These results would represent year-over-year changes of +2800% and +18.51%, respectively.
It is also important to note the recent changes to analyst estimates for ZNGA. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 15.05% higher within the past month. ZNGA is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, ZNGA is holding a Forward P/E ratio of 32.36. This represents a premium compared to its industry's average Forward P/E of 21.62.
Also, we should mention that ZNGA has a PEG ratio of 2.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Gaming was holding an average PEG ratio of 1.86 at yesterday's closing price.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 135, putting it in the bottom 47% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ZNGA in the coming trading sessions, be sure to utilize Zacks.com.