Ziff Davis (NASDAQ:ZD) reported its Q1 earnings results on Tuesday, May 9, 2023 at 05:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Ziff Davis beat estimated earnings by 3.77%, reporting an EPS of $1.1 versus an estimate of $1.06.
Revenue was down $7.93 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.1 which was followed by a 7.75% drop in the share price the next day.
Here’s a look at Ziff Davis’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.36 | 1.53 | 1.68 | 1.21 |
| EPS Actual | 2.26 | 1.58 | 1.58 | 1.23 |
| Revenue Estimate | 400.42M | 345.80M | 348.56M | 319.45M |
| Revenue Actual | 396.70M | 341.87M | 337.36M | 315.07M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Ziff Davis management provided guidance for FY 2023, expecting earnings between $6.02 and $6.54 per share.
To track all earnings releases for Ziff Davis visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
