Zillow Group, Inc. (ZG) Set to Announce Quarterly Earnings on Monday
Zillow Group, Inc. (NASDAQ:ZG) will be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The business had revenue of $266.85 million for the quarter, compared to the consensus estimate of $262.21 million. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.71) EPS. On average, analysts expect Zillow Group to post $-0.1 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
Shares of Zillow Group, Inc. (NASDAQ:ZG) traded down 0.815% on Monday, reaching $40.765. 24,457 shares of the company’s stock were exchanged. The company’s market cap is $7.56 billion. The firm’s 50-day moving average price is $40.28 and its 200 day moving average price is $42.05. Zillow Group, Inc. has a 12 month low of $31.24 and a 12 month high of $50.91.
ZG has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of Zillow Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Canaccord Genuity upped their price target on shares of Zillow Group from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. KeyCorp initiated coverage on shares of Zillow Group in a report on Monday, July 17th. They set an “equal weight” rating for the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $50.00 price target (up previously from $44.00) on shares of Zillow Group in a report on Monday, August 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $49.00 price target (up previously from $48.00) on shares of Zillow Group in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.07.
About Zillow Group
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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