Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Zeta Global Holdings Corp. (ZETA)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-11-04
$31.78+2.62%
Close 2026-11-04 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
1.20 → 1.20 EPS · FY ending Dec 31, 2027 · 8 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 8 to 8; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for ZETA yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Free cash flow reaches about $235M in FY26 | Free cash flow rises to $235M in 2026. | Intact | Free cash flow falls below $157M in FY26 or declines year-over-year | Free cash flow: $64.359M FY2026-Q2; GAAP. Published target: ~$235M. Annual target cannot be compared with a quarterly or TTM observation. Aug 5, 202664,359,000 USD · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 2 supplied quarters. Management reported: “• Increasing free cash flow guidance to a range of $254.8 million to $255.8 million, up $20.3 million at the midpoint from the prior guidance of $235.0 million.” “• Increasing free cash flow guidance to a range of $234.5 million to $235.5 million, up $3.8 million at the midpoint from the prior guidance of $231.2 million.” |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 9, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
ZETA is a growth business still working to establish consistent profitability, rather than a proven durable compounder. Its long-term thesis is on watch: management has raised revenue and cash-flow guidance, but recent financial performance remains below its industry cohort.
The valuation is described as broadly aligned with peers, with a modest premium, and expectations are classified as justified rather than fragile. The evidence does not point to a large gap between market expectations and fundamentals, though ZETA remains loss-making on the overall earnings-quality and value measures.
Near term, revenue and free-cash-flow guidance have risen, and operating cash flow has improved. Management reported positive GAAP net income in the second quarter, but the full-year profitability goal remains mixed because the prior quarter recorded a loss. The near-term miss risk is assessed as low, though peer misses and erratic earnings surprises warrant attention.
The multi-year thesis depends on revenue and cash-flow progress continuing and full-year GAAP profitability being delivered. A guidance cut after a recent increase would damage management credibility; rate cuts or stabilization among large technology peers could ease the sector backdrop, but those outcomes are uncertain.
Over the next one to three years, ZETA’s case is supported by improving guidance and cash generation, but rests on sustained execution and progress toward profitability amid elevated risk. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Achieve positive GAAP net income in FY26 | A primary condition in Zeta Global Holdings Corp.'s published investment case. The stated target is Positive GAAP net income. | Intact | Net income remains negative or worsens beyond -$13M in FY26 | Net income: $8.173M FY2026-Q2; GAAP. Published target: Positive GAAP net income. Annual target cannot be compared with a quarterly or TTM observation. Aug 5, 20268,173,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue grows to about $1.785B in FY26 | Zeta grows revenue from $1.29B in 2025 to about $1.79B in 2026. | Intact | Revenue falls below $1.29B in FY26 or fails to grow meaningfully year-over-year | Revenue: $442.766M FY2026-Q2; GAAP. Published target: ~$1.785B. Annual target cannot be compared with a quarterly or TTM observation. Aug 5, 2026442,766,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$1.14 → $1.20 · observed estimates
$2.07B → $2.11B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $1.14 | $2,074,999,531 | 8 / 12 |
| 2026-07-25 | $1.15 | $2,074,999,530 | 12 / 15 |
| 2026-07-26 | $1.14 | $2,074,999,531 | 8 / 12 |
| 2026-07-27 | $1.15 | $2,074,999,530 | 12 / 15 |
| 2026-07-28 | $1.14 | $2,074,999,531 | 8 / 12 |
| 2026-07-29 | $1.15 | $2,074,999,530 | 12 / 15 |
| 2026-07-30 | $1.15 | $2,074,999,530 | 12 / 15 |
| 2026-07-31 | $1.15 | $2,074,999,530 | 12 / 15 |
| 2026-08-01 | $1.14 | $2,074,999,531 | 8 / 12 |
| 2026-08-02 | $1.15 | $2,074,999,530 | 12 / 15 |
| 2026-08-03 | $1.15 | $2,074,999,530 | 12 / 15 |
| 2026-08-04 | $1.15 | $2,074,999,530 | 12 / 15 |
| 2026-08-05 | $1.14 | $2,075,000,918 | 8 / 12 |
| 2026-08-06 | $1.14 | $2,075,000,918 | 8 / 12 |
| 2026-08-08 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-09 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-10 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-12 | $1.21 | $2,110,796,390 | 13 / 15 |
| 2026-08-13 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-14 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-15 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-16 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-17 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-18 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-19 | $1.20 | $2,110,796,392 | 8 / 12 |
| 2026-08-20 | $1.20 | $2,111,186,862 | 8 / 12 |
| 2026-08-21 | $1.20 | $2,111,186,862 | 8 / 12 |
| 2026-08-22 | $1.20 | $2,111,186,862 | 8 / 12 |
| 2026-08-23 | $1.20 | $2,111,186,862 | 8 / 12 |
| 2026-08-24 | $1.20 | $2,111,186,862 | 8 / 12 |
| 2026-08-25 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-08-26 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-08-27 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-08-28 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-08-29 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-08-30 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-08-31 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-01 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-02 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-03 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-04 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-05 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-06 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-07 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-08 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-09 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-10 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-11 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-12 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-13 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-14 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-15 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-16 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-17 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-18 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-19 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-20 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-21 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-22 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-23 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-24 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-25 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-26 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-27 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-28 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-29 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-09-30 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-10-01 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-10-02 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-10-03 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-10-04 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-10-05 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-10-06 | $1.20 | $2,111,188,665 | 8 / 12 |
| 2026-10-07 | $1.20 | $2,111,183,392 | 8 / 12 |
| 2026-10-08 | $1.20 | $2,111,183,392 | 8 / 11 |
| 2026-10-09 | $1.20 | $2,111,183,392 | 8 / 11 |
| 2026-10-10 | $1.20 | $2,111,625,589 | 8 / 12 |
| 2026-10-11 | $1.20 | $2,111,625,589 | 8 / 12 |
| 2026-10-12 | $1.20 | $2,111,625,589 | 8 / 12 |
| 2026-10-13 | $1.20 | $2,111,625,589 | 8 / 12 |
| 2026-10-14 | $1.20 | $2,111,625,589 | 8 / 12 |
| 2026-10-15 | $1.20 | $2,111,625,589 | 8 / 12 |
| 2026-10-16 | $1.20 | $2,111,625,589 | 8 / 12 |
| 2026-10-17 | $1.20 | $2,111,625,589 | 8 / 12 |
| 2026-10-18 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-19 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-20 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-21 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-22 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-23 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-24 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-25 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-26 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-27 | $1.20 | $2,112,956,788 | 8 / 12 |
| 2026-10-28 | $1.20 | $2,112,956,788 | 8 / 11 |
| 2026-10-29 | $1.20 | $2,112,956,788 | 8 / 11 |
| 2026-10-30 | $1.20 | $2,112,956,788 | 8 / 11 |
| 2026-10-31 | $1.20 | $2,112,956,788 | 8 / 11 |
| 2026-11-01 | $1.20 | $2,112,956,788 | 8 / 11 |
| 2026-11-02 | $1.20 | $2,112,956,788 | 8 / 11 |
| 2026-11-03 | $1.20 | $2,112,956,788 | 8 / 11 |
| 2026-11-04 | $1.20 | $2,112,956,788 | 8 / 11 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 13 Buy / Strong Buy · 2 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 8 recorded
2 raises · 0 cuts · 0 unchanged · 6 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.