Is Wall Street Short In Zynga Inc. (ZNGA) Stock

Zynga Inc. (ZNGA), a Electronic Gaming & Multimedia organization, was a bullish stock in the prior market session. Zynga Inc. (ZNGA) shares opened the market for trading at $7.97 and closed the day at $7.73 with negative move of -2.64%. The decrease movement in Zynga Inc. (ZNGA) lagged the movement in the NASDAQ, a tech heavy index, for the day which lossed -1.89% in prior market day.

Zynga Inc. (ZNGA) is focused on the Electronic Gaming & Multimedia sector. This stock market sector has seen some action from investors in recent trading sessions. Bullish investors of Zynga Inc. (ZNGA) will be looking for positive upcoming earnings whereas bearish investors of Zynga Inc. (ZNGA) will be looking for negative earnings. The last time Zynga Inc. (ZNGA) had an earnings surprise was on Qtr Ending 03/20 when they reported -$0.01 compared to an estimate of $0.02 which was a difference of -$0.03 resulting in a change of -150.00%. Current earnings estimates are to be released for Current Qtr 06/2020 on Zynga Inc. (ZNGA) and out of 7 Wall Street estimates the average is saying $0.02. The high estimate is saying $0.05 whereas the low estimate is saying -$0.04 and the prior year Zynga Inc. (ZNGA) announced earnings at -$0.06 a growth rate est. (year over year) of +133.33%.

The market performance of Zynga Inc. (ZNGA) has varied recently. Year to date Zynga Inc. (ZNGA)’s shares are up 29.74%. Over the past 12 weeks Zynga Inc. (ZNGA) is up 14.57% and over the last 4 weeks Zynga Inc. (ZNGA) is up 12.62%. Zynga Inc. (ZNGA) current income statement shows revenue (ttm) of $1.46B. Gross Profit is $797.57M. This puts the current EBITDA of Zynga Inc. (ZNGA) at $183.21M.

Wall street investors might also notice recent changes to stock analyst estimates for Zynga Inc. (ZNGA). The stock is trading with an RSI (relative strength index) of 56.32 indicating Zynga Inc. (ZNGA) is neither overbought nor oversold. Technically, ZNGA’s short term support levels are around $14.51, $13.98 and $13.01 on the downside. ZNGAs short term resistance levels are $23.50, $22.70 and $22.24 on the upside. The market cap of Zynga Inc. (ZNGA) is $7.393B and institutions hold 81.10% of the stock. The outstanding share count stands at 939.78M while the short float (shares short) stands at 4.39%.

Stock market research indicates that these earning estimate changes look to be directly correlated with short-term shares prices. The investors can look to capitalize on the basis of ranking. Based on technical analysis, ZNGA has short term rating of Neutral (0.24), Intermediate rating of Bullish (0.46) and the long-term rating of Very Bullish (0.51) giving it an overall rating of Bullish (0.40).

The EPS growth this year on Zynga Inc. (ZNGA) is increased 147.60% and is expected to increase 22.05% next year. However, quarterly earnings (EPS) growth year over year on Zynga Inc. (ZNGA) has increased by 21.60% and quarterly revenue (Sales) growth year over year stands at 52.10%. Gross margin is detected at 62.40% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 4.60% while return on equity (ttm) is 3.60%.

Recent Developments:

2020-05-06 – Zynga Inc Qtrly Loss Per Share $0.11.
2020-02-05 – Zynga Inc Says ‍​Qtrly Bookings $433 Million, Up 62%.
2019-11-28 – Zynga Inc. Presents at Nasdaq 41st London Investor Conference, Dec-04-2019 08:45 AM.
2019-10-30 – Zynga Qtrly EPS $0.24.
2019-10-30 – Zynga, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019.

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