Zillow Group Inc (ZG) Expected to Post Earnings of $0.03 Per Share

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Wall Street analysts expect that Zillow Group Inc (NASDAQ:ZG) will announce $0.03 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Zillow Group’s earnings. The highest EPS estimate is $0.20 and the lowest is ($0.03). Zillow Group reported earnings per share of $0.19 during the same quarter last year, which would indicate a negative year over year growth rate of 84.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Zillow Group will report full-year earnings of $0.46 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.60. For the next fiscal year, analysts forecast that the firm will report earnings of $0.50 per share, with EPS estimates ranging from $0.30 to $0.80. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Zillow Group.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $343.09 million during the quarter, compared to analysts’ expectations of $343.73 million. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%.

Several equities analysts have weighed in on ZG shares. ValuEngine lowered Zillow Group from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 10th. Deutsche Bank cut their target price on Zillow Group from $45.00 to $39.00 and set a “hold” rating on the stock in a report on Monday, November 5th. Barclays restated a “hold” rating and set a $32.00 target price on shares of Zillow Group in a report on Thursday, November 8th. Finally, Canaccord Genuity set a $60.00 target price on Zillow Group and gave the company a “buy” rating in a report on Friday, September 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Zillow Group has an average rating of “Hold” and an average target price of $44.53.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Zillow Group by 2.9% in the second quarter. Bank of Montreal Can now owns 33,865 shares of the technology company’s stock worth $2,024,000 after purchasing an additional 970 shares during the period. TD Asset Management Inc. increased its stake in shares of Zillow Group by 4.3% in the second quarter. TD Asset Management Inc. now owns 24,300 shares of the technology company’s stock worth $1,452,000 after purchasing an additional 1,000 shares during the period. Strs Ohio increased its stake in shares of Zillow Group by 42.5% in the third quarter. Strs Ohio now owns 5,928 shares of the technology company’s stock worth $262,000 after purchasing an additional 1,767 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Zillow Group by 10.7% in the second quarter. Public Employees Retirement System of Ohio now owns 18,491 shares of the technology company’s stock worth $1,105,000 after purchasing an additional 1,780 shares during the period. Finally, First Capital Advisors Group LLC. increased its stake in Zillow Group by 49.3% during the third quarter. First Capital Advisors Group LLC. now owns 5,572 shares of the technology company’s stock valued at $246,000 after acquiring an additional 1,840 shares during the period. Institutional investors and hedge funds own 28.81% of the company’s stock.

NASDAQ ZG traded down $0.90 during trading on Monday, hitting $35.75. 683,509 shares of the company traded hands, compared to its average volume of 1,113,800. Zillow Group has a 12 month low of $26.20 and a 12 month high of $65.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 11.72 and a quick ratio of 11.43. The firm has a market cap of $7.45 billion, a P/E ratio of 238.33 and a beta of 1.11.

About Zillow Group

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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

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