Published on 20 Jan 2022 on Zacks via Yahoo Finance
Zynga (ZNGA) Gains As Market Dips: What You Should Know
Zynga (ZNGA) closed at $9.02 in the latest trading session, marking a +0.33% move from the prior day. This move outpaced the S&P 500's daily loss of 0.97%. Meanwhile, the Dow lost 0.96%, and the Nasdaq, a tech-heavy index, added 0.23%.
Heading into today, shares of the maker of "FarmVille" and other online games had gained 38.74% over the past month, outpacing the Consumer Discretionary sector's loss of 2.74% and the S&P 500's loss of 0.78% in that time.
Investors will be hoping for strength from Zynga as it approaches its next earnings release. In that report, analysts expect Zynga to post earnings of $0.08 per share. This would mark year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $720.04 million, up 3.02% from the prior-year quarter.