Zynga Up 6% Ahead of Earnings Report

Zynga

is set to release its first ever quarterly earnings report as a public company after the closing bell on Tuesday. Going into the report, Wall Street analysts have consensus EPS estimates of $0.03 on revenues of $301.1 million for the company's fiscal fourth quarter. Analysts revenue projections imply 54% growth from the year ago quarter. During Tuesday's trading session, ZNGA shares are extending their recent rally, and have added roughly 6% to $14.25. Since the company went public last December, ZNGA has risen nearly 50% after a rocky start. Much of the upside in the stock has come on the heels of Facebook's announced IPO. Zynga games are the number one revenue driver for Facebook.