ZIP (ZIZTF) Expected to Release Quarterly Earnings on Thursday

ZIP (OTCMKTS:ZIZTF) is projected to announce its results before the market opens on Thursday, August 20th. Analysts expect the company to post earnings of $0.0380 per share and revenue of $465.1380 million for the quarter.

ZIP Stock Performance

OTCMKTS:ZIZTF opened at $1.91 on Tuesday. ZIP has a 52 week low of $0.95 and a 52 week high of $3.39. The firm has a 50-day moving average price of $2.01 and a two-hundred day moving average price of $1.66.

Wall Street Analyst Weigh In

Separately, B. Riley Financial assumed coverage on ZIP in a report on Wednesday, July 8th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About ZIP

Zip Co Limited is an Australia-based financial technology company that operates a buy-now, pay-later (BNPL) platform designed to offer flexible digital payment solutions for consumers and merchants. Its core products include Zip Pay, which allows users to make interest-free purchases up to a set limit with flexible repayments, and Zip Money, which provides higher-value credit lines subject to fees. The company’s mobile app and web interfaces enable customers to shop online or in-store, split payments into installments, and manage account balances in real time.

Founded in 2013 by Larry Diamond and Peter Gray, Zip Co gained traction in the Australian market and subsequently expanded into New Zealand, the United Kingdom, South Africa, Spain and the United States.