There is a possibility of a surprise in ZETA's earnings call today, considering the following points:
- Analyst Expectations: The consensus estimate for Zeta Global's revenues is $248.5 million, indicating a 31.5% rise from the year-ago quarter’s actual. This suggests a strong growth trajectory in terms of revenue1.
- Earnings Estimate: The consensus EPS estimate for the quarter is $0.17 per share, which is a substantial increase from the previous year but may not be viewed as a "lot" above expectations, especially given the stock's price and market conditions1.
- Stock Price and Market Sentiment: The stock's closing price on November 8, 2024, was $35.58, which is already above the expected earnings per share (EPS) of $0.17. This suggests that the stock may not have a lot of room to rally further if the earnings merely meet expectations1.
- Recent Performance: Zeta Global has a history of surpassing consensus EPS estimates in two of the four trailing quarters, with a positive earnings surprise of 22.22% in the last quarter. This indicates a pattern of performance that suggests the company is capable of exceeding expectations2.
- Earnings Report Date: The earnings report for Zeta Global is scheduled for November 11, 2024, after market close3. This timing suggests that the company is releasing its earnings at a point when market sentiment and stock price may still have room to react to the news.
While it's important to consider all factors, including the potential for a negative surprise or cautious market reaction, the current expectations and historical performance of Zeta Global suggest that there is a possibility of a surprise in today's earnings call. Investors should monitor the earnings report and its impact on the stock price, keeping in mind the potential for volatility in the short term.