On August 5, Zeta Global Holdings Corp. rose 5.52% in regular trading, trading at $27.89/share with turnover of $284 million, rebounding sharply from pre-market weakness following the release of Q2 earnings.
On the news front, the company reported Q2 revenue of $442.8 million, significantly exceeding the FactSet consensus estimate of $420.6 million, representing a 43.6% year-over-year increase from $308.4 million. GAAP EPS of $0.03 beat the breakeven estimate, swinging from a loss of $12.8 million a year earlier. The company raised Q3 revenue guidance to $469-$472 million, up $10 million at the midpoint from prior guidance, and boosted full-year revenue outlook to $1.811-$1.824 billion versus analysts' $1.79 billion estimate. Morgan Stanley raised its price target to $25 from $23, while the analyst consensus maintains a Buy rating with a mean target of $29.61.
While EPS declined 78.57% year-over-year and the stock initially sold off in after-hours trading on profit-taking, the strong top-line beat, upwardly revised guidance, and favorable analyst sentiment appear to have driven the intraday recovery during the regular session.
(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.)
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