Zynga Announces Third Quarter 2015 Financial Results
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November 4, 2015 9:00 AM EST
Benchmark is lifting its price target on Buy-rated Zynga (Nasdaq: ZNGA) from $3.01 up to $3.25 following Q3 results and outlook issued Tuesday night.
Analyst Mike Hickey commented: We view the Companys return profile as positive; were encouraged by the Companys strong balance... More
November 4, 2015 7:43 AM EST
Colin Sebastian of Baird published an earnings recap on Zynga (NASDAQ: ZNGA) that highlights both the upside in the quarter and the challenges the company will face over the next 12 months. Notes follow:
Zynga reported bookings and EBITDA margin well above expectations. Bookings of $176 million were above consensus of $171 million, driven by Zynga Casino and Words with Friends advertising growth. However, user growth remains... More
November 3, 2015 4:14 PM EST
Zynga (NASDAQ: ZNGA) reported Q3 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $195.7 million versus the consensus estimate of $169.94 million.
Today, the company announced that our Board of Directors authorized a share repurchase program of up to $200 million of our outstanding Class A common stock that remains in effect until October 2017. The timing and amount of any stock repurchases will be determined based on market conditions, share price and other factors. The program does not require us to repurchase any specific number... More
