Zynga Inc Q2 2014 Earnings Preview

In the run up to Zynga Inc.'s

ZNGA

second quarter earnings report the analyst have issued report stating their respective expectations for the company's results.

Consensus

Bookings: $191 million
Adjusted EBITDA: $$18.3 million

BMO Capital

- Market Perform

Bookings: $189 million
Adjusted EBITDA: $17.2 million

"In our view, it may take another quarter or two for any new growth plans to have a meaningful impact on the company's financial performance. In the meantime, we believe the company's significant net cash balance of approximately $1.1 billion, representing more than 40% of the company's market cap, provides a strong floor to the stock's current price."

Benchmark

- Hold, $3.08

Bookings: $194 million
Adjusted EBITDA: $$19 million

"We suspect limited execution risk for the quarter, which likely benefited from the early quarter launch of FarmVille 2 on mobile platforms over a reasonable guidance objective and potential expense reductions."

TAG

- $6

Bookings: $194.4 million
Adjusted EBITDA: $16.6 million

"We find Zynga at a trough and positioned to post sequential growth in bookings and EBITDA throughout our projection horizon. We find the company's initiatives are serving to better fortify the industry leading position by placing greater emphasis on mobile."

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