Zynga (ZNGA) To Report Q3 Earnings: What's In The Cards?
Zacks Investment Research | Oct 28, 2019 11:25PM ET
Zynga (NASDAQ:ZNGA) is set to report third-quarter 2019 results on Oct 30.
The company expects third-quarter revenues to be $325 million, up 39% year over year.
The Zacks Consensus Estimate for revenues is pegged at $385.2 million, indicating an increase of 54.8% from the year-ago reported figure.
Moreover, the consensus mark for earnings has remained steady at 5 cents per share over the past seven days. The figure indicates growth of 66.67% from the year-ago reported figure.
For the to-be-reported quarter, the consensus mark for daily average users (DAU) and monthly average users (MAU) is pegged at 20.31 million and 70 million, respectively, indicating a decrease of 16.1% and 21.3% from the year-ago reported figure.
Additionally, the consensus mark for monthly unique users (MUU) is pegged at 51 million, indicating a decrease of 7.3% year over year. The consensus estimate for monthly unique payers (MUP) is pegged at 1.1 million, indicating 6% year-over-year decline.
Zynga’s GAAP revenues increased 41% year over year to $306 million in second-quarter fiscal 2019. Bookings increased 61% year over year to $376 million in the same quarter.
Zynga’s average DAUs were 21 million in second-quarter 2019 which remained flat on a year-over-year basis. Additionally, the company’s MAUs were 70 million, down 10.3% year over year.
Notably, the company’s earnings missed the Zacks Consensus Estimate in the trailing four quarters, the average negative surprise being 148.75%.
Zynga Inc. Price and EPS Surprise
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