Ziff Davis: Q1 Earnings Insights - Ziff Davis (NASDAQ:ZD)

Ziff Davis ZD reported its Q1 earnings results on Tuesday, May 9, 2023 at 05:30 PM.

Here's what investors need to know about the announcement.

Ziff Davis beat estimated earnings by 3.77%, reporting an EPS of $1.1 versus an estimate of $1.06.

Revenue was down $7.93 million from the same period last year.

Last quarter the company missed on EPS by $0.1 which was followed by a 7.75% drop in the share price the next day.

Here's a look at Ziff Davis's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	2.36	1.53	1.68	1.21
EPS Actual	2.26	1.58	1.58	1.23
Revenue Estimate	400.42M	345.80M	348.56M	319.45M
Revenue Actual	396.70M	341.87M	337.36M	315.07M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Ziff Davis management provided guidance for FY 2023, expecting earnings between $6.02 and $6.54 per share.

To track all earnings releases for Ziff Davis visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.