Brokerages expect Zillow Group Inc (NASDAQ:ZG) to post $0.17 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Zillow Group’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.20. Zillow Group reported earnings per share of $0.19 in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, November 6th.
According to Zacks, analysts expect that Zillow Group will report full year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.47 to $0.62. For the next year, analysts anticipate that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.38 to $1.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Zillow Group.
Zillow Group (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 Thomson Reuters’ consensus estimate of ($0.06) by $0.19. The firm had revenue of $325.25 million for the quarter, compared to the consensus estimate of $325.52 million. Zillow Group had a positive return on equity of 0.23% and a negative net margin of 7.54%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share.
Several brokerages have commented on ZG. Zacks Investment Research upgraded Zillow Group from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Bank of America lowered Zillow Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $60.00 in a research note on Tuesday, August 7th. Royal Bank of Canada dropped their price target on Zillow Group to $46.00 and set an “in-line” rating for the company in a research note on Tuesday, August 7th. DA Davidson set a $52.00 price target on Zillow Group and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Finally, Jefferies Financial Group dropped their price target on Zillow Group from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.33.
Shares of NASDAQ:ZG opened at $39.94 on Tuesday. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 266.00 and a beta of 1.01. 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 has a 12 month low of $37.29 and a 12 month high of $65.42.
Several hedge funds have recently bought and sold shares of ZG. Elmwood Wealth Management Inc. purchased a new position in Zillow Group in the third quarter valued at about $150,000. First Capital Advisors Group LLC. purchased a new position in Zillow Group in the second quarter valued at about $223,000. Strs Ohio purchased a new position in Zillow Group in the second quarter valued at about $248,000. Sei Investments Co. boosted its holdings in Zillow Group by 204.0% in the first quarter. Sei Investments Co. now owns 5,177 shares of the technology company’s stock valued at $280,000 after purchasing an additional 3,474 shares during the last quarter. Finally, Lourd Capital LLC purchased a new position in Zillow Group in the third quarter valued at about $281,000. Institutional investors and hedge funds own 25.64% of the company’s stock.
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 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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