Zillow Group (ZG) Expected to Announce Quarterly Earnings on Wednesday

Zillow Group (NASDAQ:ZG) is projected to issue its quarterly earnings data 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 issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (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 Price Performance

Shares of NASDAQ:ZG opened at $66.15 on Wednesday. The firm has a fifty day moving average price of $67.46 and a two-hundred day moving average price of $70.88. The company has a market cap of $16.05 billion, a price-to-earnings ratio of -140.74, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group has a one year low of $38.06 and a one year high of $86.58.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,307 shares of company stock valued at $7,732,490 over the last ninety days. 17.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZG. Bank of America raised their price objective on Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Robert W. Baird assumed coverage on shares of Zillow Group in a report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective for the company. UBS Group reduced their target price on shares of Zillow Group from $98.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods raised shares of Zillow Group to a “hold” rating in a research note on Friday, March 28th. Finally, Evercore ISI raised their price objective on Zillow Group from $75.00 to $90.00 and gave the company 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 assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.