Ziff Davis (NASDAQ:ZD) Posts Earnings Results, Beats Expectations By $0.19 EPS

by · The Cerbat Gem

Ziff Davis (NASDAQ:ZD – Get Free Report) released its quarterly earnings results on Thursday. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19, Briefing.com reports. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. The business had revenue of $289.33 million for the quarter, compared to the consensus estimate of $295.31 million. During the same quarter last year, the firm earned $1.76 EPS. Ziff Davis’s revenue for the quarter was down 20.5% on a year-over-year basis.

Ziff Davis Stock Performance

ZD opened at $49.61 on Friday. The business has a fifty day simple moving average of $56.29 and a 200 day simple moving average of $47.70. The company has a market capitalization of $1.70 billion, a PE ratio of 2.93 and a beta of 1.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 2.16. Ziff Davis has a 1 year low of $22.45 and a 1 year high of $60.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Ziff Davis from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Susquehanna lifted their target price on shares of Ziff Davis from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Monday, August 10th. Yorkville Ives initiated coverage on Ziff Davis in a research note on Wednesday, October 7th. They issued an “outperform” rating and a $68.00 price target for the company. JPMorgan Chase & Co. began coverage on Ziff Davis in a research report on Friday, September 11th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, UBS Group increased their target price on Ziff Davis from $30.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ziff Davis presently has an average rating of “Hold” and a consensus target price of $60.67.

Check Out Our Latest Report on Ziff Davis

Insider Activity at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 3,819 shares of Ziff Davis stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $54.93, for a total value of $209,777.67. Following the sale, the executive vice president owned 10,643 shares of the company’s stock, valued at $584,619.99. The trade was a 26.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director W. Brian Kretzmer sold 2,513 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $55.31, for a total value of $138,994.03. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $1,106,200. The trade was a 11.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 7,732 shares of company stock valued at $425,436. Company insiders own 3.40% of the company’s stock.

Key Ziff Davis News

Here are the key news stories impacting Ziff Davis this week:

  • Positive Sentiment: Third-quarter adjusted EPS was $1.39, ahead of the $1.20 analyst estimate. Earnings flash
  • Neutral Sentiment: AI initiatives and revenue diversification were highlighted as key themes in the Q3 discussion. The available report summary does not provide details on their expected financial impact. Q3 deep dive
  • Negative Sentiment: Revenue was $289.3 million, below the $295.3 million consensus estimate, and fell 20.5% from a year earlier. The sales shortfall and contraction likely outweighed the EPS beat for investors. Third-quarter results

Ziff Davis Company Profile

(Get Free Report)

Ziff Davis, Inc is a digital media and technology company that operates a portfolio of online brands serving consumers, technology professionals, businesses and advertisers. Its properties cover technology, gaming and entertainment, shopping, health and wellness, and related digital services.

The company’s brands include PCMag, Mashable, IGN, Humble Bundle, RetailMeNot, Spiceworks, Ookla and its Speedtest and Downdetector services, as well as health and wellness publications and platforms operated through its Everyday Health Group.

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