Wall Street brokerages expect that Zynga Inc (NASDAQ:ZNGA) will report earnings per share of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Zynga’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.03. Zynga posted earnings per share of $0.02 in the same quarter last year, which would indicate a positive year-over-year growth rate of 150%. The company is scheduled to report its next earnings report on Wednesday, May 1st.

On average, analysts expect that Zynga will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.16 to $0.22. For the next financial year, analysts anticipate that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.31. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Zynga.

Zynga (NASDAQ:ZNGA) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $248.69 million for the quarter, compared to analyst estimates of $245.78 million. Zynga had a return on equity of 1.14% and a net margin of 1.70%. Zynga’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS.

A number of brokerages have recently commented on ZNGA. BidaskClub raised shares of Zynga from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 5th. Zacks Investment Research cut shares of Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Barclays set a $4.00 price objective on shares of Zynga and gave the stock a “sell” rating in a research note on Sunday, December 23rd. Macquarie raised shares of Zynga from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 11th. Finally, Wedbush set a $6.00 price objective on shares of Zynga and gave the stock a “buy” rating in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Zynga currently has an average rating of “Buy” and a consensus target price of $4.98.

In other news, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $3.52, for a total transaction of $42,240.00. Following the transaction, the director now owns 191,812 shares in the company, valued at approximately $675,178.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew S. Bromberg sold 33,500 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $3.81, for a total value of $127,635.00. Following the transaction, the chief operating officer now owns 512,318 shares in the company, valued at approximately $1,951,931.58. The disclosure for this sale can be found here. Insiders have sold a total of 442,694 shares of company stock worth $1,777,543 in the last quarter. Insiders own 11.87% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ZNGA. Iridian Asset Management LLC CT purchased a new position in Zynga in the 3rd quarter valued at $153,074,000. BlackRock Inc. lifted its holdings in Zynga by 19.0% in the 3rd quarter. BlackRock Inc. now owns 72,114,183 shares of the company’s stock valued at $289,178,000 after purchasing an additional 11,520,469 shares in the last quarter. River & Mercantile Asset Management LLP lifted its holdings in Zynga by 61.7% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 12,059,161 shares of the company’s stock valued at $48,297,000 after purchasing an additional 4,599,517 shares in the last quarter. First Trust Advisors LP lifted its holdings in Zynga by 21.3% in the 3rd quarter. First Trust Advisors LP now owns 20,256,659 shares of the company’s stock valued at $81,229,000 after purchasing an additional 3,559,056 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Zynga by 41.4% in the 3rd quarter. Teachers Advisors LLC now owns 10,244,190 shares of the company’s stock valued at $41,079,000 after purchasing an additional 2,997,355 shares in the last quarter. Institutional investors own 79.03% of the company’s stock.

Shares of NASDAQ ZNGA traded down $0.04 during midday trading on Monday, reaching $4.84. 13,102,000 shares of the stock were exchanged, compared to its average volume of 14,683,429. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 242.00, a PEG ratio of 2.17 and a beta of 0.43. Zynga has a twelve month low of $3.32 and a twelve month high of $5.00.

About Zynga

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.

Further Reading: What is a back-end load?

Get a free copy of the Zacks research report on Zynga (ZNGA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Zynga (NASDAQ:ZNGA)

Receive News & Ratings for Zynga Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynga and related companies with MarketBeat.com's FREE daily email newsletter.