Monday, February 06, 2017 10:18:33 AM
Analyst Michael Pachter commented, "We think that Zynga is a compelling investment. Its market cap of $2.3 billion includes $871 million in cash and securities, as well as an estimated $500 million in real estate,
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Wedbush Reiterates Outperform on Zynga (ZNGA) Ahead of 4Q Report
Wedbush reiterated an Outperform rating and $4.25 price target on Zynga (NASDAQ: ZNGA) ahead of the company's 4Q earnings report. Zynga will report its results after the market close on Thursday, February 9. The company expects bookings of $200 million, adjusted EBITDA of $19 million, and non-GAAP EPS of $0.01, versus consensus of $193 million, $18 million, and $0.01, and guidance of $185 – 195 million and $17 – 19 million.
Analyst Michael Pachter commented, "We think that Zynga is a compelling investment. Its market cap of $2.3 billion includes $871 million in cash and securities, as well as an estimated $500 million in real estate, leaving an enterprise value of just over $900 million, or roughly 1.1x consensus FY:17 bookings. We think a reasonable multiple is 3.0x our forward bookings estimate, which would value shares at $4.25."
Source:
www.streetinsider.com/Analyst+Comments/Wedbush+Reiterates+Outperform+on+Zynga+(ZNGA)+Ahead+of+4Q+Report/12500299.html
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