On August 5, Zeta Global Holdings Corp. declined 6.06% in pre-market trading, trading at $22.88/share, with turnover of $542,000. The decline follows the company's Q2 earnings release after the prior session's close.
Zeta Global reported Q2 revenue of $442.8 million, beating the FactSet consensus estimate of $420.6 million and representing a 43.6% increase from $308.4 million a year earlier. GAAP EPS came in at $0.03, swinging from a net loss of $12.8 million in the year-ago quarter. However, EPS declined 78.57% compared to $0.14 per share in the prior-year period, with net income of just $8.17 million raising concerns over profit quality.
The company raised full-year guidance to revenue of $1.811-$1.824 billion from the prior $1.785 billion projection and lifted GAAP EPS outlook to $0.09-$0.11 from $0.02-$0.04, both above analyst expectations. Q3 revenue guidance of $469-$472 million also exceeded the $461 million consensus. Despite these upward revisions, the sharp YoY earnings deterioration prompted investors to lock in gains following the stock's 5.49% rally heading into the report.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments