Yahoo Finance Zeta (ZETA) Reports Earnings Tomorrow: What To Expect
Advertising and marketing company Zeta Global (NYSE:ZETA) will be announcing earnings results tomorrow after the bell. Here's what to expect.
Zeta beat analysts' revenue expectations by 4.2% last quarter, reporting revenues of $194.9 million, up 23.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts' billings estimates and optimistic revenue guidance for the next quarter. It added 8 enterprise customers paying more than $100,000 annually to reach a total of 460.
Is Zeta a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Zeta's revenue to grow 23.7% year on year to $212.5 million, slowing from the 25.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zeta has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 5.6% on average.
Looking at Zeta's peers in the sales and marketing software segment, only VeriSign has reported results so far. It met analysts' revenue estimates, delivering year-on-year sales growth of 4.1%. The stock traded up 4.3% on the results.
Read our full analysis of VeriSign's earnings results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 2.6% on average over the last month. Zeta is up 16.2% during the same time and is heading into earnings with an average analyst price target of $22 (compared to the current share price of $21.15).
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