Ziff Davis Q4 Adj EPS $2.33 Beats $2.27 Estimate, Sales $389.88M Miss $396.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ziff Davis (NASDAQ:ZD) reported Q4 adjusted EPS of $2.33, surpassing the $2.27 estimate, marking a 3.1% year-over-year increase. However, its Q4 sales of $389.88M fell short of the $396.98M estimate, a 1.72% decrease from the previous year.
February 21, 2024 | 11:12 pm
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Ziff Davis reported a Q4 adjusted EPS of $2.33, beating estimates, but missed sales forecasts with $389.88M.
While Ziff Davis surpassed EPS estimates, indicating operational efficiency and profitability, the miss on sales forecasts could raise concerns about revenue growth and market demand. The mixed results present a neutral short-term outlook as positive earnings are offset by revenue concerns.
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