Analysts expect Zynga (NASDAQ:ZNGA) to announce earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Zynga’s earnings, with estimates ranging from $0.02 to $0.03. The firm is expected to report its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Zynga will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.15. For the next fiscal year, analysts forecast that the firm will report earnings of $0.17 per share, with EPS estimates ranging from $0.10 to $0.21. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Zynga.
Zynga (NASDAQ:ZNGA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Zynga had a return on equity of 1.66% and a net margin of 3.09%. The business had revenue of $233.30 million during the quarter, compared to analysts’ expectations of $218.64 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year.
ZNGA traded down $0.08 during trading on Tuesday, hitting $3.44. 10,457,423 shares of the stock were exchanged, compared to its average volume of 10,868,572. The company has a market capitalization of $2,997.60, a P/E ratio of 114.67, a PEG ratio of 2.51 and a beta of 0.48. Zynga has a 1 year low of $2.73 and a 1 year high of $4.34.
In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $3.74, for a total transaction of $44,880.00. Following the sale, the director now owns 247,900 shares of the company’s stock, valued at approximately $927,146. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew S. Bromberg sold 20,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $3.92, for a total value of $78,400.00. Following the sale, the chief operating officer now directly owns 274,206 shares in the company, valued at approximately $1,074,887.52. The disclosure for this sale can be found here. Insiders have sold a total of 56,000 shares of company stock worth $212,320 in the last ninety days. Insiders own 11.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in ZNGA. OppenheimerFunds Inc. boosted its position in shares of Zynga by 111.8% in the 4th quarter. OppenheimerFunds Inc. now owns 20,071,799 shares of the company’s stock worth $80,287,000 after purchasing an additional 10,596,901 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Zynga by 17.1% in the 4th quarter. First Trust Advisors LP now owns 15,438,848 shares of the company’s stock worth $61,755,000 after purchasing an additional 2,250,446 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Zynga by 287.4% in the 4th quarter. Teachers Advisors LLC now owns 13,288,462 shares of the company’s stock worth $53,154,000 after purchasing an additional 9,858,450 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Zynga by 40.7% in the 4th quarter. American Century Companies Inc. now owns 13,040,309 shares of the company’s stock worth $52,161,000 after purchasing an additional 3,774,156 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of Zynga by 453.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 7,107,304 shares of the company’s stock worth $26,866,000 after purchasing an additional 5,822,916 shares in the last quarter. 71.37% of the stock is currently owned by institutional investors and hedge funds.
Zynga Company Profile
Zynga, Inc provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems With Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots.
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