Zynga Inc. (NASDAQ:ZNGA) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.09 per share.
Looking ahead, the full year income are expected at $ 0.35 per share on the revenues of $ 2221.79 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.15 ~ $ -0.15 per share, while revenues are expected in a range of $ 445.00 million ~ $ 445.00 million
Full Year 2020 topline are forecasted in a range of$ 1,800.00 million ~ $ 1,800.00 million, where as bottomline are predicted in a range of $ -0.54 ~ $ -0.54 per share
Click Here For More Historical Outlooks Of Zynga Inc.
Previous Quarter Performance
Zynga Inc. announced loss for the second quarter of $ 0.16 per share, from the revenue of $ 451.69 million. Wall street analysts are predicting, ZNGA to report 2Q20 income of $ 0.08 per share from revenue of $ 502.44 million. The bottom line results missed street analysts by $ 0.24 or 300 percent, at the same time, top line results fell short of analysts by $ 50.75 million or 10.1 percent.
Stock Performance
Shares of Zynga Inc. traded up $ 0.24 or 2.59 percent on Tuesday, reaching $ 9.51 with volume of 18.08 million shares. Zynga Inc. has traded high as $ 9.57 and has cracked $ 9.24 on the downward trend
According to the previous trading day, closing price of $ 9.51, representing a 64.07 % increase from the 52 week low of $ 5.65 and a 13.28 % decrease over the 52 week high of $ 10.69.
The company has a market capital of $ 10.23 billion and is part of the Technology sector and Electronic Gaming & Multimedia industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 11.00 target price.
- On 30th September 2020, initiated by MKM Partners at Buy rating, with $ 12.00 target price.
Conference Call
Zynga Inc. will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.zynga.com
Zynga Inc. develops, markets, and operates social games as live services in the United States and internationally. The companys games are played on mobile platforms, such as Apple iOS and Googles Android operating systems, as well as on social networking sites, such as Facebook.
