Zillow Group, Inc. (NASDAQ:ZG) Expected to Post Earnings of $0.27 Per Share

Analysts predict that Zillow Group, Inc. (NASDAQ:ZG – Get Rating) will announce earnings per share (EPS) of $0.27 for the current quarter, according to Zacks. Six analysts have made estimates for Zillow Group’s earnings, with estimates ranging from $0.06 to $0.37. Zillow Group posted earnings per share of $0.44 in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.6%. The firm is scheduled to announce its next quarterly earnings report 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 fiscal year, analysts anticipate that the firm will post earnings of $2.70 per share, with EPS estimates ranging from $1.74 to $3.18. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Zillow Group.

Zillow Group (NASDAQ:ZG – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The technology company reported ($0.42) earnings per share for the quarter, beating the consensus estimate of ($1.48) by $1.06. The company had revenue of $3.88 billion during 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%. The business’s quarterly revenue was up 392.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share.

A number of equities research analysts have recently commented on ZG shares. Bank of America upped their price objective on shares of Zillow Group from $44.00 to $47.00 and gave the company an “underperform” rating in a research note on Friday, February 11th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 8th. Morgan Stanley lifted their price objective on Zillow Group from $74.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 11th. Piper Sandler cut their target price on Zillow Group from $64.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday, March 17th. Finally, Wolfe Research lowered their target price on Zillow Group from $75.00 to $69.00 and set a “peer perform” rating for the company in a report on Friday, February 11th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.17.

NASDAQ:ZG opened at $38.65 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.98. Zillow Group has a fifty-two week low of $37.27 and a fifty-two week high of $135.93. The company has a 50 day simple moving average of $49.07 and a two-hundred day simple moving average of $57.70. The company has a market capitalization of $9.69 billion, a PE ratio of -18.58 and a beta of 1.43.

A number of institutional investors have recently made changes to their positions in the stock. Garner Asset Management Corp raised its holdings in shares of Zillow Group by 0.6% in the first quarter. Garner Asset Management Corp now owns 56,016 shares of the technology company’s stock valued at $2,702,000 after purchasing an additional 310 shares during the last quarter. Chicago Capital LLC grew its position in Zillow Group by 1,445.7% in the 1st quarter. Chicago Capital LLC now owns 326,829 shares of the technology company’s stock worth $15,763,000 after purchasing an additional 305,684 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in Zillow Group by 62.6% in the 1st quarter. Great Valley Advisor Group Inc. now owns 5,873 shares of the technology company’s stock valued at $283,000 after buying an additional 2,260 shares during the last quarter. Verde Capital Management lifted its position in shares of Zillow Group by 45.8% during the 1st quarter. Verde Capital Management now owns 47,306 shares of the technology company’s stock worth $2,282,000 after buying an additional 14,859 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new position in shares of Zillow Group during the 1st quarter worth approximately $48,000. Institutional investors and hedge funds own 20.64% of the company’s stock.

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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