Ziff Davis (ZD) Set to Announce Earnings on Wednesday

Ziff Davis (NASDAQ:ZD) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Ziff Davis to post earnings of $1.05 per share for the quarter. Ziff Davis has set its FY 2024 guidance at 6.430-6.770 EPS and its FY24 guidance at $6.43-6.77 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.17 by $0.02. The company had revenue of $389.89 million during the quarter, compared to the consensus estimate of $400.71 million. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. On average, analysts expect Ziff Davis to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $53.88 on Monday. The company has a fifty day moving average of $59.72 and a 200-day moving average of $63.24. The firm has a market capitalization of $2.49 billion, a P/E ratio of 65.71 and a beta of 1.24. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. Ziff Davis has a twelve month low of $49.50 and a twelve month high of $75.58.

Insider Activity

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the transaction, the executive vice president now owns 7,261 shares in the company, valued at approximately $504,131.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ZD. Evercore ISI lifted their price objective on shares of Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Barclays lifted their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. UBS Group lowered their price objective on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.57.

About Ziff Davis

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.