$343.28 Million in Sales Expected for Zillow Group Inc Class A (ZG) This Quarter

Equities research analysts expect Zillow Group Inc Class A (NASDAQ:ZG) to report $343.28 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Zillow Group Inc Class A’s earnings. The lowest sales estimate is $341.69 million and the highest is $345.40 million. Zillow Group Inc Class A posted sales of $281.84 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.8%. The business is expected to announce its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Zillow Group Inc Class A will report full year sales of $1.36 billion for the current year, with estimates ranging from $1.33 billion to $1.50 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.93 billion per share, with estimates ranging from $1.76 billion to $2.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Zillow Group Inc Class A.

Zillow Group Inc Class A (NASDAQ:ZG) last released its earnings results on Monday, August 6th. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.19. The company had revenue of $325.25 million during the quarter, compared to the consensus estimate of $325.52 million. Zillow Group Inc Class A had a positive return on equity of 0.23% and a negative net margin of 7.54%. Zillow Group Inc Class A’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

ZG has been the subject of a number of recent research reports. Wedbush restated a “neutral” rating and issued a $45.00 target price on shares of Zillow Group Inc Class A in a research report on Thursday. Craig Hallum restated a “hold” rating and issued a $45.00 target price on shares of Zillow Group Inc Class A in a research report on Tuesday, August 7th. They noted that the move was a valuation call. Bank of America boosted their target price on Zillow Group Inc Class A from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, June 11th. Jefferies Financial Group boosted their target price on Zillow Group Inc Class A from $60.00 to $76.00 and gave the stock a “hold” rating in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Finally, KeyCorp set a $56.00 target price on Zillow Group Inc Class A and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $50.72.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Zillow Group Inc Class A during the first quarter valued at approximately $183,000. First Capital Advisors Group LLC. purchased a new position in shares of Zillow Group Inc Class A during the second quarter valued at approximately $223,000. Strs Ohio purchased a new position in shares of Zillow Group Inc Class A during the second quarter valued at approximately $248,000. Sei Investments Co. increased its stake in shares of Zillow Group Inc Class A by 204.0% during the first quarter. Sei Investments Co. now owns 5,177 shares of the technology company’s stock valued at $280,000 after buying an additional 3,474 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Zillow Group Inc Class A by 805.9% during the first quarter. BNP Paribas Arbitrage SA now owns 5,245 shares of the technology company’s stock valued at $283,000 after buying an additional 4,666 shares during the period. 25.65% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ZG opened at $46.14 on Friday. The company has a market capitalization of $9.45 billion, a P/E ratio of 307.60 and a beta of 0.93. Zillow Group Inc Class A has a 1-year low of $38.17 and a 1-year high of $65.42. The company has a quick ratio of 8.13, a current ratio of 8.18 and a debt-to-equity ratio of 0.14.

Zillow Group Inc Class A 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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Earnings History and Estimates for Zillow Group Inc Class A (NASDAQ:ZG)

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