Zillow Group, Inc. (ZG) Set to Announce Quarterly Earnings on Tuesday
Zillow Group, Inc. (NASDAQ:ZG) is set to announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $266.85 million during the quarter, compared to the consensus estimate of $262.21 million. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The business’s revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the firm 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.
Zillow Group, Inc. (NASDAQ:ZG) traded down 0.88% during mid-day trading on Tuesday, reaching $40.41. 90,117 shares of the company traded hands. The company’s 50 day moving average price is $40.53 and its 200 day moving average price is $42.45. Zillow Group, Inc. has a 12-month low of $31.65 and a 12-month high of $50.91. The firm’s market capitalization is $7.49 billion.
A number of analysts have weighed in on ZG shares. Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 target price (up previously from $44.00) on shares of Zillow Group in a research note on Monday, August 7th. ValuEngine lowered Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. KeyCorp started coverage on Zillow Group in a research note on Monday, July 17th. They issued an “equal weight” rating on the stock. Finally, Needham & Company LLC increased their target price on Zillow Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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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