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Analysis of Prospects for Zynga Inc (NASDAQ:ZNGA)
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Zynga Inc. (NASDAQ:ZNGA) [Trend Analysis] being a social media games maker means this stock is hotly followed by many investors out there, due to it being on trend. However, what do wall street analysts think about the future prospects of ZNGA?
Zynga Inc. (NASDAQ:ZNGA) last traded at $2.95 after moving up 0.34% for the trading day. The company last released their quarterly earnings results on 05-07-15 for the period ended Mar-15. The company reported earnings of -$0.05 against a Zack’s research estimate of -$0.06. This represents a 16.67% surprise on the expected result.
The current average broker recommendation for Zynga Inc., according to Zack’s research, is 2.71, based on 17 broker ratings. With 1 being a strong buy and 5 being a strong sell, this means that on a consensus basis, analysts currently see Zynga Inc. as a hold. The 12 month target consensus price estimate among these analysts for Zynga Inc. is currently at $3.29.
Out of the 17 broker recommendations for ZNGA, 3 recommend it as a strong buy, 1 as a buy, 11 as a hold 2 as a sell and 0 as a strong sell.
For the current quarter, the consensus analyst estimate for Zynga Inc. (NASDAQ:ZNGA) is -$0.06, with analysts expecting year on year growth for the company of -200.00%
About Zynga Inc. (NASDAQ:ZNGA)
Zynga Inc. is the world’s largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, MySpace, Yahoo, the iPad, the iPhone and Android devices. They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features. All of their games are free to play, and they generate revenue through the in-game sale of virtual goods and advertising.
