Equities research analysts predict that Zillow Group Inc (NASDAQ:ZG) will announce earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Zillow Group’s earnings, with estimates ranging from $0.15 to $0.21. Zillow Group also posted earnings of $0.19 per share during the same quarter last year. The firm is expected to report its next earnings report on Thursday, February 14th.
On average, analysts expect that Zillow Group will report full year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.47 to $0.62. For the next year, analysts anticipate that the company will report earnings of $0.75 per share, with EPS estimates ranging from $0.38 to $1.17. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Zillow Group.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $343.09 million for the quarter, compared to analysts’ expectations of $343.73 million. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%.
ZG has been the topic of several recent analyst reports. Canaccord Genuity set a $60.00 price target on shares of Zillow Group and gave the company a “buy” rating in a report on Friday, September 7th. KeyCorp set a $56.00 target price on shares of Zillow Group and gave the company a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Thursday, August 2nd. Benchmark lowered their target price on shares of Zillow Group from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Cowen reiterated a “hold” rating and set a $50.00 target price on shares of Zillow Group in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $43.65.
Institutional investors have recently added to or reduced their stakes in the company. Elmwood Wealth Management Inc. acquired a new stake in Zillow Group in the third quarter worth about $150,000. First Capital Advisors Group LLC. acquired a new stake in Zillow Group in the 2nd quarter valued at about $223,000. Strs Ohio acquired a new stake in Zillow Group in the 2nd quarter valued at about $248,000. Engineers Gate Manager LP acquired a new stake in Zillow Group in the 3rd quarter valued at about $208,000. Finally, State of Alaska Department of Revenue lifted its holdings in Zillow Group by 33.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,359 shares of the technology company’s stock valued at $379,000 after acquiring an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 25.73% of the company’s stock.
ZG opened at $30.45 on Friday. The firm has a market capitalization of $8.24 billion, a P/E ratio of 203.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 8.13 and a current ratio of 8.18. Zillow Group has a 12-month low of $29.00 and a 12-month high of $65.42.
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 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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