Ziff Davis Inc reports results for the quarter ended in September 30 - Earnings Summary

Ziff Davis

08/11/2024 02:25

* Ziff Davis Inc  ZD.OQ  reported quarterly adjusted
earnings of
$1.64​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.50.  The mean expectation of five analysts for the quarter
was for earnings of $1.51 per share. Wall Street expected
results to range from $1.36  to $1.62 per share.
    * Revenue rose 3.7% to $353.58 million from a year ago;
analysts
expected $347.13 million. 
    * Ziff Davis Inc's reported EPS for the quarter was a loss
of
$1.11​.
    * The company reported a quarterly loss of $48.58 million.
    * Ziff Davis Inc shares had risen by 2.7% this quarter and
lost 25.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Ziff Davis Inc is
75.00 
This summary was machine generated from LSEG data November 8 at
02:25 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.51           1.64           Beat
 Jun. 30 2024      1.26           1.18           Missed
 Mar. 31 2024      1.15           1.27           Beat
 Dec. 31 2023      2.27           2.33           Beat