Marketing technology company Zeta Global (NYSE:ZETA) will be reporting earnings this Tuesday after market close. Here’s what you need to know.
Zeta Global beat analysts’ revenue expectations last quarter, reporting revenues of $396.3 million, up 49.9% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ billings estimates and full-year EBITDA guidance beating analysts’ expectations.
Is Zeta Global a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Zeta Global’s revenue to grow 36.4% year on year, improving from the 35.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Zeta Global has a history of exceeding Wall Street’s expectations.
Looking at Zeta Global’s peers in the sales and marketing software segment, only GoDaddy has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 6.6%. The stock was down 16.7% on the results.
Read our full analysis of GoDaddy’s earnings results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 2.7% on average over the last month. Zeta Global is down 1.4% during the same time and is heading into earnings with an average analyst price target of $28.68 (compared to the current share price of $21.49).
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