Zacks: Analysts Anticipate Zillow Group, Inc. (NASDAQ:ZG) Will Announce Earnings of $0.27 Per Share

Wall Street brokerages expect that Zillow Group, Inc. (NASDAQ:ZGGet Rating) will report earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Zillow Group’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.06. Zillow Group reported earnings of $0.44 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 38.6%. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Zillow Group will report full-year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.42 to $2.25. For the next financial year, analysts anticipate that the company will post earnings of $2.70 per share, with EPS estimates ranging from $1.74 to $3.18. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Zillow Group.

Zillow Group (NASDAQ:ZGGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.48) by $1.06. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Zillow Group had a negative return on equity of 7.26% and a negative net margin of 6.48%. Zillow Group’s revenue was up 392.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share.

ZG has been the topic of several analyst reports. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 8th. The Goldman Sachs Group started coverage on Zillow Group in a research report on Wednesday, March 30th. They set a “neutral” rating and a $57.00 target price on the stock. Stifel Nicolaus raised their price target on Zillow Group from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Friday, February 11th. DA Davidson decreased their price objective on shares of Zillow Group from $125.00 to $78.00 and set a “buy” rating for the company in a research report on Friday, February 11th. Finally, Piper Sandler dropped their target price on shares of Zillow Group from $64.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Hold” and a consensus target price of $96.17.

Shares of Zillow Group stock opened at $38.65 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. The company has a market cap of $9.69 billion, a P/E ratio of -18.58 and a beta of 1.43. The firm’s 50 day moving average price is $49.07 and its 200-day moving average price is $57.70. Zillow Group has a 52-week low of $37.27 and a 52-week high of $135.93.

Several hedge funds have recently bought and sold shares of ZG. Marathon Partners Equity Management LLC lifted its position in shares of Zillow Group by 100.0% during the 3rd quarter. Marathon Partners Equity Management LLC now owns 50,000 shares of the technology company’s stock valued at $4,429,000 after buying an additional 25,000 shares in the last quarter. Royal Bank of Canada raised its position in Zillow Group by 99.7% during the third quarter. Royal Bank of Canada now owns 59,009 shares of the technology company’s stock worth $5,227,000 after acquiring an additional 29,461 shares during the period. Profund Advisors LLC lifted its holdings in Zillow Group by 21.0% during the fourth quarter. Profund Advisors LLC now owns 7,497 shares of the technology company’s stock valued at $466,000 after purchasing an additional 1,302 shares in the last quarter. GraniteShares Advisors LLC purchased a new position in Zillow Group in the 4th quarter valued at about $79,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Zillow Group by 38.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,299 shares of the technology company’s stock worth $267,000 after purchasing an additional 1,183 shares in the last quarter. 20.64% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group (Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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Earnings History and Estimates for Zillow Group (NASDAQ:ZG)

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