Ziff Davis (NASDAQ:ZD) Issues FY 2025 Earnings Guidance

Key Points

• Ziff Davis has updated its FY 2025 earnings guidance, providing an earnings per share estimate between $6.640 and $7.28, compared to the consensus estimate of $6.776, and revenue guidance of $1.4 billion to $1.5 billion.
• Shares of Ziff Davis increased by 17.9% during midday trading, reaching a price of $36.54 with a significant trading volume of 787,910 shares.
• Multiple analysts have downgraded Ziff Davis, with Barclays lowering its price target from $48.00 to $34.00 and JPMorgan reducing theirs from $60.00 to $33.00, resulting in a consensus rating of "Hold" for the stock.

Ziff Davis (NASDAQ:ZD - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 6.640-7.28 for the period, compared to the consensus earnings per share estimate of 6.776. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ZD shares. Barclays reiterated a "positive" rating on shares of Ziff Davis in a research note on Friday. JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. UBS Group set a $40.00 target price on Ziff Davis and gave the company a "neutral" rating in a report on Wednesday, May 14th. Piper Sandler set a $40.00 price target on Ziff Davis in a research note on Friday. Finally, Citigroup reduced their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ziff Davis has an average rating of "Moderate Buy" and an average price target of $46.86.

Ziff Davis Price Performance

ZD stock traded down $2.30 during midday trading on Monday, hitting $34.38. 817,646 shares of the stock were exchanged, compared to its average volume of 552,172. The stock's 50-day moving average price is $32.07 and its 200-day moving average price is $36.80. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 22.92 and a beta of 1.63. Ziff Davis has a fifty-two week low of $28.55 and a fifty-two week high of $60.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59.

Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.02. The firm had revenue of $352.21 million during the quarter, compared to analysts' expectations of $337.47 million. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%. Ziff Davis's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. Research analysts predict that Ziff Davis will post 5.93 earnings per share for the current year.

Hedge Funds Weigh In On Ziff Davis

An institutional investor recently raised its position in Ziff Davis stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,656 shares of the technology company's stock after purchasing an additional 3,696 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.38% of Ziff Davis worth $6,037,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.