Small cap social media gaming stockZynga Inc (NASDAQ: ZNGA) reportedQ2 2017 earnings after the Wednesday market close. Revenue was above guidance by $9.2 million and up 15% year-over-year to $209.2 million whilenet income was $5.1 million, better than guidance by $11.1 million and an improvement of $9.5 million year-over-year.
The earnings release noted:
In terms of our bookings performance, our teams delivered $209.2 million, beating our guidance by $4.2 million and up 20% year-over-year. This quarter represented our strongest revenue and bookings performance in four years and our best year-over-year performance since Q2 2015. The over delivery in the quarter was driven by better than expected results from our portfolio of live services
Best Small Cap Stocks To Own Right Now: Armada Hoffler Properties, Inc.(AHH)
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Armada Hoffler Properties Inc. (NYSE: AHH) is a vertically integrated, self-managed REIT developing, building, acquiring and managing high-quality, institutional-grade office, retail and multifamily properties. Investors receive a 5.78% yield. The shares have traded in a 52-week range of $12.66 to $16.01 and were recently seen at $13.85. The consensus price target is set at $15.17.
Best Small Cap Stocks To Own Right Now: Facebook, Inc.(FB)
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The recent negative attention Facebook (NASDAQ:FB) has received from mishandled user data put the company in the spotlight going into its first-quarter earnings report. But heightened scrutiny couldn’t suppress the company’s powerful business. Revenue and earnings per share soared, and the number of monthly and daily active users continued to rise rapidly.
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Snap(NYSE:SNAP), on the other hand, told investors its growth was headed for a big slowdown, and the market snapped back at it. In the digital currency world, an investment bank issued a dire prediction for cryptocurrencies broadly — and our in-house expert says it has a point. And finally, Facebook(NASDAQ:FB) has decided that since it knows us all so well anyway, it should use that information to help the singles among us find Mr. or Mrs. Right.
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Is Google’s Pain Facebook’s Gain?
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The Dow Jones today jumped 57 points in pre-market trading after Facebook Inc. (Nasdaq: FB) posted better-than-expected earnings. Facebook beat revenue estimates by 4% and announced that it had increased its workforce by 48%. Much of the market expected Facebook to report losses on the heels of the multiple scandals that plagued the company throughout the first quarter.
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Wall Street firms have benefited from a resurgence in stock-market volatility as traders speculate over the pace of Federal Reserve interest-rate increases, U.S. trade tensions with China and the data-privacy scandal at Facebook Inc. (FB) . The CBOE Volatility Index, a key gauge of market volatility known as the “VIX,” was 43% higher on average during the quarter.
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Facebook Inc. (FB) shares were up 0.93% in the premarket ahead of CEO Mark Zuckerberg’s testimony before Congress on Tuesday. In a statement ahead of the hearing Zuckerberg admitted he didn’t realize how the data of the social network’s users could be abused. “We didn’t take a broad enough view of our responsibility, and that was a big mistake. It was my mistake, and I’m sorry,” he said. Shares in the company are down 10% since the beginning of the year.
Best Small Cap Stocks To Own Right Now: Autohome Inc.(ATHM)
- [By Joseph Griffin]
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
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Dow Jones Falls Before Trump’s Iran Decision; These 2 IBD 50 Stocks Jump (investors.com) Autohome Quarterly Earnings Beat Estimates, Guides Higher (finance.yahoo.com) Autohome (ATHM) Posts Earnings Results, Beats Expectations By $0.11 EPS (americanbankingnews.com) Earnings Reaction History: Autohome Inc., 44.4% Follow-Through Indicator, 4.6% Sensitive (nasdaq.com) BRIEF-Autohome Reports Qtrly Earnings Per Share Of RMB 4.05 (reuters.com)
Several analysts have recently commented on the stock. ValuEngine raised shares of Autohome from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Monday, March 12th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.97.