Ziff Davis Q2 EPS $1.27 Beats $1.21 Estimate, Sales $326.00M Beat $324.50M Estimate
Portfolio Pulse from Happy Mohamed
Ziff Davis (NASDAQ:ZD) reported Q2 earnings of $1.27 per share, beating the analyst consensus estimate of $1.21 by 4.96%. However, this is a 19.62% decrease from the same period last year. The company also reported quarterly sales of $326.00 million, beating the estimate of $324.50 million by 0.46%, but this is a 3.37% decrease from last year.
August 04, 2023 | 2:46 pm
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NEUTRAL IMPACT
Ziff Davis beat Q2 earnings and sales estimates but reported decreases from the same period last year.
While Ziff Davis beat the Q2 earnings and sales estimates, the year-on-year decreases in both earnings per share and sales could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100