Earnings To Watch: Zeta (ZETA) Reports Q1 Results Tomorrow
Advertising and marketing company Zeta Global (NYSE:ZETA) will be reporting results tomorrow after the bell. Here’s what you need to know.
Zeta beat analysts’ revenue expectations by 6.7% last quarter, reporting revenues of $314.7 million, up 49.6% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ billings estimates and EBITDA guidance for next quarter exceeding analysts’ expectations.
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 30.3% year on year to $254.1 million, improving from the 23.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.
Analysts covering the company have generally 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 5.4% on average.
Looking at Zeta’s peers in the sales and marketing software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Freshworks delivered year-on-year revenue growth of 18.9%, beating analysts’ expectations by 2.1%, and VeriSign reported revenues up 4.7%, in line with consensus estimates. VeriSign traded up 8% following the results.
Read our full analysis of Freshworks’s results here and VeriSign’s results here .
Investors in the sales and marketing software segment have had steady hands going into earnings, with share prices flat over the last month. Zeta is down 4.6% during the same time and is heading into earnings with an average analyst price target of $30.17 (compared to the current share price of $13.39).
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