On August 4, Zeta Global Holdings Corp. rose 5.23% in regular trading, trading at $23.805/share, with turnover of $137 million. The stock rallied ahead of the company's quarterly earnings release scheduled for after market close the same day.
Market consensus expects quarterly revenue of approximately $421 million, representing 41.77% year-over-year growth, with adjusted EPS of approximately $0.20, up 46.59% year-over-year. The optimism is underpinned by the company's Q1 performance, where revenue of $396.3 million beat the $370.4 million consensus estimate by nearly 7%, marking the 19th consecutive quarter of beat-and-raise results with revenue growth accelerating to 50%.
Additionally, the company recently closed a $1 billion credit facility comprising a $250 million term loan and a $750 million revolving credit facility, intended for refinancing, share buybacks, and general corporate purposes. RBC Capital maintains an Outperform rating with a target price raised to $29, citing AI-driven large client expansion and improving profitability visibility.
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