Zillow Group (ZG) Projected to Post Earnings on Wednesday

Zillow Group (NASDAQ:ZG) will likely be posting its quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect Zillow Group to post earnings of $0.47 per share and revenue of $587.88 million for the quarter. Zillow Group has set its Q1 2025 guidance at EPS.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, analysts expect Zillow Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Zillow Group Stock Performance

NASDAQ:ZG opened at $66.15 on Wednesday. The company’s 50-day simple moving average is $67.46 and its 200-day simple moving average is $70.88. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The stock has a market capitalization of $16.05 billion, a P/E ratio of -140.74, a P/E/G ratio of 8.90 and a beta of 2.22.

Insiders Place Their Bets

In other news, CTO David A. Beitel sold 2,025 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,307 shares of company stock valued at $7,732,490 over the last quarter. Company insiders own 17.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ZG shares. Wells Fargo & Company began coverage on shares of Zillow Group in a report on Monday. They issued a “mixed” rating and a $62.00 price target on the stock. Susquehanna boosted their target price on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Piper Sandler lowered their price target on Zillow Group from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Monday. Robert W. Baird started coverage on shares of Zillow Group in a research note on Friday, January 31st. They set a “neutral” rating and a $88.00 price target on the stock. Finally, Evercore ISI lifted their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.67.

About Zillow Group

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.