Equities analysts forecast that Zillow Group Inc (NASDAQ:ZG) will report earnings per share of ($0.35) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Zillow Group’s earnings, with the lowest EPS estimate coming in at ($0.41) and the highest estimate coming in at ($0.27). Zillow Group posted earnings per share of $0.01 during the same quarter last year, which would suggest a negative year over year growth rate of 3,600%. The company is scheduled to report its next quarterly earnings results on Thursday, February 20th.
According to Zacks, analysts expect that Zillow Group will report full year earnings of ($0.63) per share for the current financial year, with EPS estimates ranging from ($0.67) to ($0.56). For the next fiscal year, analysts expect that the firm will post earnings of ($1.09) per share, with EPS estimates ranging from ($1.54) to ($0.75). 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 issued its earnings results on Thursday, November 7th. The technology company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.30. Zillow Group had a negative return on equity of 7.20% and a negative net margin of 13.95%. The business had revenue of $745.21 million during the quarter, compared to analysts’ expectations of $717.27 million. During the same period in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was up 117.2% compared to the same quarter last year.
ZG has been the topic of a number of recent research reports. ValuEngine downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Wedbush reissued a “hold” rating and issued a $39.00 price objective on shares of Zillow Group in a research note on Monday, November 25th. TheStreet lowered Zillow Group from a “c-” rating to a “d+” rating in a report on Wednesday, September 4th. Raymond James reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, September 4th. Finally, Piper Jaffray Companies cut their price target on Zillow Group from $43.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.47.
Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Zillow Group by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 6,119 shares of the technology company’s stock valued at $271,000 after buying an additional 441 shares during the last quarter. Advisory Services Network LLC grew its stake in Zillow Group by 1,914.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,531 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,455 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Zillow Group by 16.1% in the second quarter. Treasurer of the State of North Carolina now owns 27,735 shares of the technology company’s stock valued at $1,269,000 after purchasing an additional 3,850 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Zillow Group in the third quarter valued at about $998,000. Finally, Concourse Capital Management LLC purchased a new position in shares of Zillow Group in the second quarter worth about $318,000. 24.35% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:ZG traded up $0.02 during trading hours on Wednesday, hitting $40.01. The company’s stock had a trading volume of 150,501 shares, compared to its average volume of 655,469. Zillow Group has a 52 week low of $27.64 and a 52 week high of $50.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.81 and a quick ratio of 2.84. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of -153.88 and a beta of 0.95. The firm’s fifty day moving average price is $35.96 and its 200 day moving average price is $38.88.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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