Izea Worldwide (NASDAQ:IZEA) Issues Earnings Results

Key Points

• Izea Worldwide reported quarterly earnings of $0.07 per share but faced a negative net margin of 42.63% and a negative return on equity of 25.25%.
• After the earnings announcement, Izea's stock price rose by 3.5%, reaching $3.86 with a trading volume significantly above its average.
• Wall Street Zen upgraded Izea Worldwide to a "buy" rating on August 2nd, indicating positive sentiment toward the company's future performance.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.05, Zacks reports. Izea Worldwide had a negative return on equity of 19.89% and a negative net margin of 33.38%. The business had revenue of $9.13 million during the quarter, compared to analyst estimates of $9.50 million.

Izea Worldwide Price Performance

IZEA stock traded up $0.25 on Friday, reaching $4.20. The company's stock had a trading volume of 218,442 shares, compared to its average volume of 108,394. The company has a market capitalization of $71.44 million, a P/E ratio of -5.75 and a beta of 1.15. Izea Worldwide has a 52 week low of $1.68 and a 52 week high of $4.25. The firm has a fifty day moving average of $3.22 and a two-hundred day moving average of $2.63.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Izea Worldwide to a "buy" rating in a report on Saturday, August 2nd.

About Izea Worldwide

IZEA Worldwide, Inc, together with its subsidiaries, offers software and professional services to connect brands and content creators in North America, the Asia Pacific, and internationally. The company offers IZEA Flex, its flagship platform for managing enterprise influencer marketing; and comprehensive expense management service to track and manage off-platform expenses related to influencer marketing campaigns.