FY19 results are fractionally below expectations which were lowered in April. The group continues to await news in relation to its potential involvement in a number of “preferred vendor” programmes which are expected to accompany some major changes in the content market. With this backdrop, ZOO is signalling greater caution around the phasing of revenue expectations from one of its major clients. We downgrade our FY20E estimates to reflect these issues around timing and ramp-up, b
26 Jun 2019
Industry’s state of flux drives cautious view
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Industry’s state of flux drives cautious view
ZOO Digital Group plc (ZOO:LON) | 35.5 0 0.0% | Mkt Cap: 34.7m
- Published:
26 Jun 2019 -
Author:
Gareth Evans -
Pages:
7
FY19 results are fractionally below expectations which were lowered in April. The group continues to await news in relation to its potential involvement in a number of “preferred vendor” programmes which are expected to accompany some major changes in the content market. With this backdrop, ZOO is signalling greater caution around the phasing of revenue expectations from one of its major clients. We downgrade our FY20E estimates to reflect these issues around timing and ramp-up, b