Ziff Davis Announces Quarterly Financial Results
Ziff Davis (NASDAQ:ZD) announced its latest quarterly financial results, exceeding analyst estimates with an earnings per share (EPS) of $1.24 compared to the predicted $1.22, and achieving revenues of $352.21 million. This revenue outperformed the consensus estimate of $337.47 million. Despite the strong financial performance, Ziff Davis's stock price declined by 2.7%, closing at $36.68, with its 52-week range spanning from $28.55 to $60.62.
Market Analysis and Investor Insights
Market analysts hold mixed opinions on Ziff Davis. Notably, Citigroup lowered its target price from $52.00 to $35.00, with the stock currently rated as a "Hold" and an average price target of $48.00. The company's quarterly profit margins stood at 4.57%, with a return on equity of 13.91%. Year-over-year, revenue increased by 10%, compared to EPS of $1.18 in the same period last year.
Trading Activity and Market Metrics
On the trading front, ZD shares dropped $1.01 during Friday's session, with over a million shares exchanged—significantly above its average volume of approximately 608,000. The stock's 12-month low is $28...