Zynga Inc (ZNGA)

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ZNGA: A SOLID CHOICE FOR INVESTORS, CONSENSUS ESTIMATES HAVE MOVED SHARPLY HIGHER






BOTTOM LINE


THE STOCK HAS ALSO STARTED TO MOVE HIGHER LATELY, ADDING 11.9% OVER THE PAST FOUR WEEKS, SUGGESTING THAT INVESTORS ARE STARTING TO TAKE NOTE OF THIS IMPRESSIVE STORY.


POSITIVE EARNINGS ESTIMATE REVISIONS SUGGEST THAT ANALYSTS ARE BECOMING MORE OPTIMISTIC ON ZNGA’S EARNINGS FOR THE COMING QUARTER AND YEAR.








TALE OF THE TAPE

CAN ZYNGA (ZNGA) RUN HIGHER ON STRONG EARNINGS ESTIMATE REVISIONS?
MARCH 14, 2017
BY ZACKS EQUITY RESEARCH PUBLISHED ON MARCH 14, 2017

ZNGA
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Full Article
Zynga Inc. (ZNGA - Free Report) is the world's largest social game developer that could be AN INTERESTING PLAY FOR INVESTORS. That is because, NOT ONLY DOES THE STOCK HAVE DECENT SHORT-TERM MOMENTUM, BUT IT IS SEEING SOLID ACTIVITY ON THE EARNINGS ESTIMATE REVISION FRONT AS WELL.

THESE POSITIVE EARNINGS ESTIMATE REVISIONS SUGGEST THAT ANALYSTS ARE BECOMING MORE OPTIMISTIC ON ZNGA’S EARNINGS FOR THE COMING QUARTER AND YEAR. In fact, CONSENSUS ESTIMATES HAVE MOVED SHARPLY HIGHER for both of these time frames over the past four weeks, suggesting that Zynga could be A SOLID CHOICE FOR INVESTORS


CURRENT QUARTER ESTIMATES FOR ZNGA
IN THE PAST 30 DAYS, 1 ESTIMATE HAS GONE HIGHER FOR ZYNGA while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 3 cents a share 30 days ago, to a loss of a penny today,a move of 66.7%.



CURRENT YEAR ESTIMATES FOR ZNGA

MEANWHILE, ZYNGA’S CURRENT YEAR FIGURES ARE ALSO LOOKING QUITE PROMISING, WITH 3 ESTIMATES MOVING HIGHER IN THE PAST MONTH, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 8 cents per share 30 days ago to a loss of 6 cents per share today, an increase of 25%.
Zynga Inc. Price and Consensus


Zynga Inc. Price and Consensus | Zynga Inc. Quote
BOTTOM LINE
THE STOCK HAS ALSO STARTED TO MOVE HIGHER LATELY, ADDING 11.9% OVER THE PAST FOUR WEEKS, SUGGESTING THAT INVESTORS ARE STARTING TO TAKE NOTE OF THIS IMPRESSIVE STORY. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future…

Source:
https://www.zacks.com/stock/news/252652/can-zynga-znga-run-higher-on-strong-earnings-estimate-revisions