Zeta Global Holdings Corp. ZETA is scheduled to release its third-quarter 2024 results on Nov. 11, after market close.
See Zacks Earnings Calendar to stay ahead of market-making news.
The company surpassed the Zacks Consensus Estimate in two of the four trailing quarters, met once and missed in one instance, delivering an average negative earnings surprise of 9%.
Zeta Global Holdings Corp. Price and EPS Surprise
Zeta Global Holdings Corp. price-eps-surprise | Zeta Global Holdings Corp. Quote
Zeta Global’s Q3 Expectations
The Zacks Consensus Estimate for ZETA’s revenues is pegged at $248.5 million, indicating a 31.5% rise from the year-ago quarter’s actual.
We anticipate better-than-expected growth in insurance and automotive verticals, and improvement in agency business, driven by the addition of brands across several verticals, to have fueled the top line. We expect scaled customer average revenues per unit to have been fuelled by superscale customers, many of whom were large agencies adding incremental brands.
Increasing brand exposure is likely to have strengthened ZETA’s ability to enhance its competitive position via internal development while remaining positive for accretive transactions, which is expected to have augmented its platform, accelerate market penetration and deliver customer value.
The consensus estimate for the bottom line is pegged at 17 cents per share, indicating an 88.9% surge from the year-ago quarter’s actual. The bottom line is likely to have benefited from a strong margin performance.
What Our Model Says About ZETA
Our model predicts a likely earnings beat for Zeta Global this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Zeta Global has an Earnings ESP of +6.67% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks That Warrant a Look
Here are a few other stocks from the broader Zacks Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season:
Paysafe Limited PSFE: The Zacks Consensus Estimate for second-quarter fiscal 2025 revenues is pegged at $424.5 million, indicating growth of 7.1% from the year-ago quarter’s actual. For earnings, the consensus mark is pegged at 58 cents per share, suggesting a 1.8% rise from the year-ago quarter’s reported number. PSFE surpassed the consensus estimate in three of the past four quarters and missed once, with an average beat of 29.3%.
PSFE has an Earnings ESP of +5.17% and a Zacks Rank of 3 at present. The company is scheduled to declare its second-quarter fiscal 2025 results on Nov. 11.
Block SQ: The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $6.2 billion, indicating an increase of 9.8% from the year-ago quarter’s actual. For earnings, the consensus mark is pegged at 88 cents per share, suggesting a 60% rise from the year-ago quarter’s reported number. SQ surpassed the consensus estimate in three of the past four quarters and missed once, with an average beat of 15.5%.
SQ has an Earnings ESP of +5.98% and a Zacks Rank of 3 at present. The company is scheduled to declare its third-quarter 2024 results on Nov. 11.
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