Earnings To Watch: Zeta (ZETA) Reports Q1 Results Tomorrow

Advertising and marketing company Zeta Global (NYSE:ZETA) will be reporting results tomorrow after the bell. Here’s what you need to know.

Zeta beat analysts’ revenue expectations by 6.7% last quarter, reporting revenues of $314.7 million, up 49.6% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ billings estimates and EBITDA guidance for next quarter exceeding analysts’ expectations.

Is Zeta a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Zeta’s revenue to grow 30.3% year on year to $254.1 million, improving from the 23.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zeta has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5.4% on average.

Looking at Zeta’s peers in the sales and marketing software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Freshworks delivered year-on-year revenue growth of 18.9%, beating analysts’ expectations by 2.1%, and VeriSign reported revenues up 4.7%, in line with consensus estimates. VeriSign traded up 8% following the results.

Read our full analysis of Freshworks’s results here and VeriSign’s results here.

Investors in the sales and marketing software segment have had steady hands going into earnings, with share prices flat over the last month. Zeta is down 4.6% during the same time and is heading into earnings with an average analyst price target of $30.17 (compared to the current share price of $13.39).

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