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The latest announcement is out from Zinc Media ( (GB:ZIN) ).
Zinc Media Group plc anticipates strong revenue and profitability growth for the fifth consecutive year, with expected revenue of at least £41 million, marking a 27% increase from the previous year. The company has made significant strides in IP monetization, entertainment format diversification, and Middle East expansion, with new offices in Saudi Arabia and Qatar. This expansion has increased their Middle East opportunity pipeline to £20 million. Zinc Media is confident in achieving its medium-term targets of £50 million turnover and £5 million EBITDA, supported by strategic growth pillars and recent award wins.
The most recent analyst rating on (GB:ZIN) stock is a Hold with a £51.00 price target. To see the full list of analyst forecasts on Zinc Media stock, see the GB:ZIN Stock Forecast page.
Spark’s Take on GB:ZIN Stock
According to Spark, TipRanks’ AI Analyst, GB:ZIN is a Neutral.
Zinc Media’s overall stock score is primarily influenced by its financial challenges, including profitability issues and high leverage. However, positive corporate events, such as strategic initiatives and successful content launches, provide a boost to its potential for future growth. Technical indicators suggest a bearish trend, and valuation metrics highlight ongoing financial difficulties.
To see Spark’s full report on GB:ZIN stock, click here.
More about Zinc Media
Zinc Media Group plc is a premium television and content creation company known for its award-winning and critically acclaimed television labels, including Atomic, Brook Lapping, and Electric Violet, among others. The company produces a diverse range of factual programs for UK and international broadcasters and operates a distribution arm to connect content with buyers and platforms. Additionally, Zinc Media Group includes The Edge Picture Company, a leading brand film-making company, and Zinc Audio, specializing in podcasts and radio production.
Average Trading Volume: 15,716
Technical Sentiment Signal: Sell
Current Market Cap: £12.37M
Find detailed analytics on ZIN stock on TipRanks’ Stock Analysis page.