Zynga Inc. just released its first-quarter financial results, posting a loss of 1 cent per share and revenues of $194 million.
Currently, ZNGA is a Zacks Rank #3 (Hold), but this ranking could change based on today’s results. The stock is up 6.34% to $3.02 per share in trading shortly after its earnings report was released.
Zynga:
Matched earnings estimates. The company posted a loss of 1 cent per share, matching Street estimates of -$0.01.
Missed revenue estimates. The company saw revenue figures of $194.3 million, missing our consensus estimate of $196 million.
Mobile revenue and bookings were the highest in Zynga history, with mobile revenue up 19% year-over-year and mobile bookings up 27% year-over-year.
The company reported a 14.2% increase in bookings to $207.4 million in the quarter.
Zynga now expects revenue of $200 million in the second quarter. Bookings are expected to come in at $205 million. Analysts were expecting Zynga to forecast bookings of $195.5 million.
Here’s a graph that looks at Zynga’s earnings performance history:
Zynga Inc. is the world's largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, MySpace, Yahoo, the iPad, the iPhone and Android devices. They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features.
Check back later for our full analysis on Zynga’s earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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Zynga Inc. (ZNGA) Matches Q1 Earnings Estimates, Stock Soars on Bookings Outlook
Zynga Inc. just released its first-quarter financial results, posting a loss of 1 cent per share and revenues of $194 million.
Currently, ZNGA is a Zacks Rank #3 (Hold), but this ranking could change based on today’s results. The stock is up 6.34% to $3.02 per share in trading shortly after its earnings report was released.
Zynga:
Matched earnings estimates. The company posted a loss of 1 cent per share, matching Street estimates of -$0.01.
Missed revenue estimates. The company saw revenue figures of $194.3 million, missing our consensus estimate of $196 million.
Mobile revenue and bookings were the highest in Zynga history, with mobile revenue up 19% year-over-year and mobile bookings up 27% year-over-year.
The company reported a 14.2% increase in bookings to $207.4 million in the quarter.
Zynga now expects revenue of $200 million in the second quarter. Bookings are expected to come in at $205 million. Analysts were expecting Zynga to forecast bookings of $195.5 million.
Here’s a graph that looks at Zynga’s earnings performance history:
Zynga Inc. Price, Consensus and EPS Surprise
Zynga Inc. Price, Consensus and EPS Surprise | Zynga Inc. Quote
Zynga Inc. is the world's largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, MySpace, Yahoo, the iPad, the iPhone and Android devices. They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features.
Check back later for our full analysis on Zynga’s earnings report!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think. See This Ticker Free >>