Wall Street analysts expect Zillow Group, Inc. (NASDAQ:ZG) to announce $294.20 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Zillow Group’s earnings, with estimates ranging from $293.19 million to $294.90 million. Zillow Group reported sales of $245.78 million during the same quarter last year, which indicates a positive year over year growth rate of 19.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Zillow Group will report full-year sales of $294.20 million for the current fiscal year, with estimates ranging from $1.31 billion to $1.32 billion. For the next financial year, analysts forecast that the business will report sales of $1.56 billion per share, with estimates ranging from $1.54 billion to $1.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Zillow Group.
Zillow Group (NASDAQ:ZG) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The business had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $277.60 million. During the same period in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year.
A number of equities research analysts have commented on ZG shares. KeyCorp upgraded Zillow Group from a “sector weight” rating to an “overweight” rating in a research note on Friday, January 26th. JMP Securities increased their price target on Zillow Group from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 price target on shares of Zillow Group in a research note on Wednesday, November 8th. Morgan Stanley upgraded Zillow Group from an “equal weight” rating to an “overweight” rating and set a $39.00 price target for the company in a research note on Thursday, January 11th. Finally, Barclays increased their price target on Zillow Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Zillow Group has a consensus rating of “Hold” and a consensus target price of $48.43.
Shares of Zillow Group (ZG) opened at $46.96 on Tuesday. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14. Zillow Group has a 12 month low of $32.63 and a 12 month high of $50.91.
Hedge funds have recently modified their holdings of the business. Stifel Financial Corp purchased a new position in Zillow Group during the second quarter worth approximately $209,000. State of Alaska Department of Revenue purchased a new position in shares of Zillow Group in the fourth quarter valued at approximately $195,000. Koch Industries Inc. purchased a new position in shares of Zillow Group in the fourth quarter valued at approximately $208,000. Parametrica Management Ltd purchased a new position in shares of Zillow Group in the fourth quarter valued at approximately $235,000. Finally, Paloma Partners Management Co purchased a new position in shares of Zillow Group in the fourth quarter valued at approximately $238,000. Institutional investors own 25.77% of the company’s stock.
Zillow Group Company Profile
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 people 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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