Ziff Davis (ZD) Q2 Earnings and Revenues Lag Estimates

Company Performance - Ziff Davis reported quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.27 per share, and down from $1.27 per share a year ago, representing an earnings surprise of -7.09% [1] - The company posted revenues of $320.8 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4%, and down from $326.02 million year-over-year [2] - Over the last four quarters, Ziff Davis has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Ziff Davis shares have lost about 41% since the beginning of the year, while the S&P 500 has gained 9.9% [3] - The current status of estimate revisions for Ziff Davis is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $1.53 on revenues of $359.24 million, and for the current fiscal year, it is $6.58 on revenues of $1.43 billion [7] - The outlook for the industry can significantly impact the stock's performance, with the Internet - Software industry currently in the top 36% of over 250 Zacks industries [8]