j2 Global(US:ZD) ZACKSยท2024-11-08 02:21Core Insights - Ziff Davis reported quarterly earnings of $1.64 per share, exceeding the Zacks Consensus Estimate of $1.48 per share, and showing an increase from $1.50 per share a year ago, resulting in an earnings surprise of 10.81% [1] - The company achieved revenues of $353.58 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.70% and increasing from $340.99 million year-over-year [2] - Ziff Davis shares have declined approximately 25.6% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.78 on revenues of $437.02 million, while the estimate for the current fiscal year is $6.67 on revenues of $1.42 billion [7] - The estimate revisions trend for Ziff Davis is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Ziff Davis belongs, is currently ranked in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]