Zillow Group (Z) to Release Quarterly Earnings on Wednesday

Zillow Group (NASDAQ:Z) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Zillow Group has set its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. On average, analysts expect Zillow Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Zillow Group Stock Up 3.3 %

Z opened at $43.63 on Wednesday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $50.78 and a 200-day moving average price of $48.99. Zillow Group has a twelve month low of $33.80 and a twelve month high of $61.13. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of -64.16 and a beta of 1.76.

Analysts Set New Price Targets

Several research analysts have recently weighed in on Z shares. JPMorgan Chase & Co. boosted their price objective on shares of Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Jefferies Financial Group boosted their price objective on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.75.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 3,086 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the sale, the insider now directly owns 48,294 shares in the company, valued at $2,801,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, General Counsel Bradley D. Owens sold 966 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total transaction of $56,037.66. Following the completion of the sale, the general counsel now directly owns 17,181 shares in the company, valued at $996,669.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 3,086 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares of the company’s stock, valued at $2,801,052. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is owned by company insiders.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.