Will ZETA beat earnings?
11/11/2024 05:30pm
**Zeta Global Holdings is poised to beat earnings expectations.** Here's the analysis to support this conclusion:
1. **Consistent Track Record of Outperformance**: Zeta Global has a history of exceeding Wall Street's expectations, having beaten revenue estimates by an average of 5.8% over the past two years. This consistent outperformance suggests a strong likelihood of beating earnings in the upcoming quarter.
2. **Strong Revenue Growth**: Zeta Global's revenue growth has been robust, with a year-on-year increase of 32.6% in the last quarter. Analysts expect this trend to continue, with a projected revenue growth of 33.6% year-on-year to $252.5 million in the current quarter.
3. **Positive Earnings Estimate Revisions**: Despite the recent positive earnings report, there have been no negative revisions of earnings estimates, indicating a stable and optimistic outlook among analysts.
4. **Expected Positive Surprise**: The expected revenue for the quarter is $252.5 million, which is higher than the reported revenue of $227.84 million in the last quarter. This indicates a positive revenue surprise is likely.
5. **Solid Fundamentals**: Zeta Global's financial fundamentals are strong, with a recent price target of $35.92, a 9.07% upside from the current share price of $35.93, indicating optimism among analysts.
6. **Historical Performance**: Zeta Global has surpassed the Zacks Consensus Estimate in two of the four trailing quarters, met once, and missed in one instance. This historical performance suggests a reliable track record of meeting or exceeding earnings expectations.
In conclusion, Zeta Global Holdings' strong revenue growth, consistent track record of outperformance, and stable analyst expectations indicate a high probability of beating earnings expectations. Investors may consider this analysis when evaluating the stock's potential for growth and profitability.