Zynga Inc. (NASDAQ: ZNGA) will report its fourth-quarter earnings Thursday after the markets close. Thomson Reuters has consensus estimates of $0.00 in earnings per share (EPS) and $201.11 million in revenue. In the same period of the previous year, the games maker posted an EPS loss of $0.03 and $146.68 million in revenue.

Zynga is a producer of some of the most popular social games that are played by over 100 million monthly consumers. In its game portfolio, it boasts Farmville, Words With Friends and Zynga Casino.

The company posted a drop in revenue from $203 million in the third quarter of last year to $177 million in the same quarter of 2014. Zynga posted a net loss $57 million, compared to break-even in the year-ago quarter. The fourth quarter is not expected to be any better. Management forecast:

• Revenue is projected to be in the range of $170 million to $200 million.
• The net loss is projected to be in the range of $51 million to $34 million.
• Net loss per share is projected to be in the range of $0.06 and $0.04, based on a share count of approximately 894 million shares.

During a year in which all three major indexes rallied sharply to record levels, Zynga’s fall stands out as a marker of the failures of its management and board.

The 50-day moving average is currently at $2.61. Shares of Zynga have tested the moving average a fair amount since mid-November. The 200-day moving average reads at $2.87.

Shares of Zynga were down 5% at $2.66 in Thursday’s trading session ahead of earnings. The stock has a consensus analyst price target of $3.31 and a 52-week trading range of $2.20 to $5.89.

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