Stock research analysts expect Zillow Group, Inc. (NASDAQ: ZG – get rating) will report $0.40 of earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for Zillow Group’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.22. Zillow Group reported earnings of $0.44 per share for the same quarter last year, which would indicate a negative 9.1% year-over-year growth rate. The firm is expected to release its next earnings results on Monday, January 1.
According to Zacks, analysts expect Zillow Group to report annual earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $2.52. For the next fiscal year, analysts forecast the business to post earnings of $2.72 per share, with EPS estimates ranging from $2.26 to $3.17. Zacks Investment Research EPS calculations are a median average based on a survey of analysts who follow Zillow Group.
Zillow Group (NASDAQ: ZG – get rating) last announced its quarterly earnings results on Thursday, May 5. The tech company reported earnings per share (EPS) of $0.49 for the quarter, beating analyst consensus estimates of ($0.07) by $0.56. Zillow Group had a negative net margin of 5.04% and a negative return on equity of 7.61%. The company had revenue of $4.26 billion in the quarter, compared with the consensus estimate of $3.39 billion. During the same period last year, the company posted earnings per share of $0.25. The company’s revenue for the quarter increased 249.5% year over year.
ZG has been the subject of several recent analyst reports. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating in a report on Monday, May 2. Morgan Stanley raised the price target on Zillow Group stock from $74.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 11. DA Davidson lowered the price target on Zillow Group stock from $125.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, February 11. Wolfe Research lowered the price target on Zillow Group stock from $75.00 to $69.00 and set a “peer-to-peer return” rating on the stock in a research report on Friday, February 11. Ultimately, Truist Financial lowered its price target on Zillow Group stock from $58.00 to $41.00 in a research report on Friday, May 6. Two research analysts have given the stock a sell rating, twelve have given a hold rating and ten have given the company’s stock a buy rating. According to MarketBeat, the company currently has a “Hold” consensus rating and an average price target of $80.95.
Actions of Zillow Group Stock traded down $2.08 on Friday, reaching $40.23. The stock had a trading volume of 768,685 shares, compared to its average volume of 1,351,505. Zillow Group has a 1-year minimum of $33.26 and a 1-year maximum of $124.90. The company has a market cap of $9.91 billion, a P/E ratio of -18.12, and a beta of 1.49. The firm has a current ratio of 3.98, a quick ratio of 0.97, and a debt-to-equity ratio of 0.34. The company’s 50-day moving average is $45.10 and its 200-day moving average is $52.43.
In other news, CTO David A. Beitel sold 1,280 shares of the firm in a transaction that occurred on Wednesday, May 18. The shares were sold at an average price of $41.38, for a total value of $52,966.40. Following the transaction, the CTO now owns 89,593 shares of the company, valued at $3,707,358.34. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC website. Also inside information Dan Spaulding sold 4,000 shares of the firm’s capital stock in a transaction that occurred on Friday, May 6. The shares were sold at an average price of $38.13, for a total transaction of $152,520.00. Following the completion of the transaction, the insider now owns 27,936 shares of the company, valued at approximately $1,065,199.68. Disclosure of this sale can be found here. Insiders have sold 19,856 shares of the company worth $805,708 during the last quarter. The members of the company own 18.52% of the company’s shares.
Institutional investors have recently changed their holdings in the company. Morgan Stanley increased its stake in the Zillow Group by 4.6% in the third quarter. Morgan Stanley now owns 3,250,359 shares of the tech company worth $287,917,000 after acquiring an additional 144,255 shares during the period. BlackRock Inc. improved its position in Zillow Group by 3.5% during the third quarter. BlackRock Inc. now owns 2,811,861 shares of the technology company valued at $249,073,000 after buying an additional 95,638 shares during the period. Norges Bank purchased a new position in Zillow Group during the fourth quarter valued at $81,054,000. State Street Corp improved its position in the Zillow Group by 0.4% during the fourth quarter. State Street Corp now owns 1,247,937 shares of the tech company valued at $77,647,000 after purchasing an additional 4,848 shares during the period. Finally, Geode Capital Management LLC improved its position in the Zillow Group by 24.4% during the fourth quarter. Geode Capital Management LLC now owns 940,053 shares of the technology company valued at $58,410,000 after purchasing an additional 184,507 shares during the period. Hedge funds and other institutional investors own 20.82% of the company’s shares.
About Zillow Group (get rating)
Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile apps and websites in the United States. The company operates through three segments: Homes; Internet, Media and Technology; and Mortgages. The Homes segment is dedicated to the resale of homes; and title and escrow services for home buyers and sellers, including title search procedures for title insurance policies, escrow and other closing services.
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