Zeta Global Holdings: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Zeta Global Holdings (NYSE:ZETA) reported Q4 earnings with an EPS of $-0.22, missing estimates by -257.0% against an expected $0.14. Revenue increased by $35.18 million from the previous year. Despite past earnings misses, the company's share price increased by 5.0% the day after last quarter's earnings were announced.
February 27, 2024 | 9:15 pm
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Zeta Global Holdings reported a significant miss in Q4 earnings with an EPS of -$0.22 against an expected $0.14, but showed a revenue increase of $35.18 million from the previous year.
The significant miss in EPS is likely to negatively impact investor sentiment in the short term, despite the increase in revenue. Historical data shows that past earnings misses have been followed by share price increases, but the magnitude of this miss (-257%) could outweigh the positive revenue news.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100