Wall Street brokerages expect Zillow Group Inc (NASDAQ:ZG) to announce earnings per share (EPS) of ($0.17) for the current quarter, Zacks reports. Six analysts have issued estimates for Zillow Group’s earnings, with the lowest EPS estimate coming in at ($0.20) and the highest estimate coming in at ($0.14). Zillow Group reported earnings of $0.13 per share during the same quarter last year, which indicates a negative year over year growth rate of 230.8%. The firm is scheduled to report its next earnings report on Monday, August 5th.
According to Zacks, analysts expect that Zillow Group will report full year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.78) to ($0.25). For the next financial year, analysts forecast that the company will report earnings of ($0.45) per share, with EPS estimates ranging from ($1.81) to $0.14. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Zillow Group.
Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.33) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.08. Zillow Group had a negative return on equity of 3.18% and a negative net margin of 11.35%. The business had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $432.09 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 51.4% compared to the same quarter last year.
A number of research analysts recently weighed in on the company. Barclays lowered Zillow Group from an “equal weight” rating to an “underweight” rating and set a $36.67 price objective on the stock. in a report on Thursday, March 14th. ValuEngine lowered Zillow Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Cowen raised Zillow Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $46.00 in a report on Monday, April 8th. Canaccord Genuity set a $42.00 price objective on Zillow Group and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Benchmark upped their price objective on Zillow Group from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Zillow Group presently has an average rating of “Hold” and a consensus target price of $42.80.
A number of institutional investors have recently bought and sold shares of ZG. Twin Tree Management LP purchased a new stake in shares of Zillow Group in the first quarter valued at $29,000. Resources Investment Advisors Inc. purchased a new stake in shares of Zillow Group in the fourth quarter valued at $47,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Zillow Group in the fourth quarter valued at $116,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Zillow Group by 42.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,720 shares of the technology company’s stock worth $128,000 after buying an additional 1,100 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Zillow Group by 274.8% during the first quarter. JPMorgan Chase & Co. now owns 5,678 shares of the technology company’s stock worth $194,000 after buying an additional 4,163 shares during the period. 24.15% of the stock is currently owned by institutional investors.
Shares of Zillow Group stock traded down $0.36 during trading hours on Tuesday, hitting $44.93. 602,886 shares of the company were exchanged, compared to its average volume of 971,909. Zillow Group has a 1 year low of $26.20 and a 1 year high of $65.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.73 and a quick ratio of 3.98. The stock has a market capitalization of $9.40 billion, a PE ratio of -172.81 and a beta of 0.81.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
Recommended Story: Google Finance Portfolio Tips and Tricks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.