Ziff Davis Q2 2024 Adj. EPS $1.18 Misses $1.29 Estimate, Sales $320.800M Miss $332.935M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ziff Davis (NASDAQ:ZD) reported Q2 2024 adjusted EPS of $1.18, missing the analyst estimate of $1.29 by 8.53%. The company also reported sales of $320.8 million, which missed the estimate of $332.935 million by 3.64%. This represents a 1.60% decrease from the same period last year.
August 07, 2024 | 10:01 pm
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Ziff Davis reported Q2 2024 adjusted EPS of $1.18, missing the analyst estimate of $1.29 by 8.53%. Sales were $320.8 million, missing the estimate of $332.935 million by 3.64%. This represents a 1.60% decrease from the same period last year.
The earnings and sales miss, along with a year-over-year sales decline, are likely to negatively impact Ziff Davis' stock price in the short term. Investors typically react unfavorably to such misses, especially when both EPS and revenue fall short of expectations.
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