Movement Alert|Zeta Global Holdings Corp. Rises 5.25% in Regular Trading, Q2 Earnings Beat and Full-Year Guidance Raised

Market Focus
Aug 12

On August 12, Zeta Global Holdings Corp. rose 5.25% in regular trading, trading at $29.135/share, with turnover of $253 million.

The rally follows the company's Q2 earnings release, in which it swung to net income of $8.17 million from a loss of $12.8 million a year earlier. Revenue surged 43.6% year-over-year to $442.8 million, significantly beating the FactSet consensus estimate of $420.6 million. GAAP EPS came in at $0.03, topping the breakeven estimate.

Simultaneously, the company raised its full-year revenue guidance to $1.811 billion–$1.824 billion, an increase of $33 million at the midpoint from prior projections, well above the analyst consensus of $1.79 billion. Full-year GAAP EPS guidance was lifted to $0.09–$0.11 from the prior $0.02–$0.04. Q3 revenue guidance of $469 million–$472 million also exceeded consensus of $461 million. Additionally, the company recently announced a strategic partnership with Palantir Technologies to co-build enterprise-level AI marketing infrastructure, expected to generate over $100 million in revenue for Zeta.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10