Equities analysts forecast that Zillow Group, Inc. (NASDAQ:ZG) will report earnings per share of ($0.15) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Zillow Group’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.12). Zillow Group posted earnings per share of ($0.87) during the same quarter last year, which would suggest a positive year over year growth rate of 82.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, August 8th.

According to Zacks, analysts expect that Zillow Group will report full year earnings of ($0.11) per share for the current financial year, with EPS estimates ranging from ($0.14) to ($0.08). For the next fiscal year, analysts expect that the firm will post earnings of $0.30 per share, with EPS estimates ranging from $0.27 to $0.34. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Zillow Group.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.08. The business had revenue of $245.80 million for the quarter, compared to the consensus estimate of $236.04 million. Zillow Group had a negative net margin of 19.58% and a negative return on equity of 5.65%. The firm’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.13) EPS.

Several research analysts recently commented on the stock. Bank of America Corporation restated a “buy” rating and set a $53.00 target price (up previously from $45.00) on shares of Zillow Group in a report on Wednesday, June 21st. Zacks Investment Research lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of Zillow Group in a research report on Wednesday, May 17th. Cowen and Company upped their price target on shares of Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. Finally, KeyCorp assumed coverage on shares of Zillow Group in a research report on Monday, July 17th. They set an “equal weight” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $42.79.

Several institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in Zillow Group by 1,595.6% in the first quarter. UBS Group AG now owns 741,317 shares of the technology company’s stock valued at $25,064,000 after buying an additional 697,598 shares during the period. Vanguard Group Inc. increased its position in Zillow Group by 11.9% in the first quarter. Vanguard Group Inc. now owns 4,192,272 shares of the technology company’s stock valued at $141,741,000 after buying an additional 444,184 shares during the period. Norges Bank acquired a new position in Zillow Group during the fourth quarter valued at approximately $15,520,000. State of Wisconsin Investment Board increased its position in Zillow Group by 88.1% in the second quarter. State of Wisconsin Investment Board now owns 605,427 shares of the technology company’s stock valued at $29,569,000 after buying an additional 283,536 shares during the period. Finally, Caledonia Private Investments Pty Ltd increased its position in Zillow Group by 1.7% in the first quarter. Caledonia Private Investments Pty Ltd now owns 13,360,188 shares of the technology company’s stock valued at $451,708,000 after buying an additional 225,096 shares during the period. Institutional investors and hedge funds own 26.78% of the company’s stock.

Zillow Group (NASDAQ ZG) opened at 45.64 on Thursday. The company’s market cap is $8.36 billion. The stock’s 50 day moving average is $46.65 and its 200-day moving average is $39.97. Zillow Group has a 12-month low of $31.17 and a 12-month high of $50.91.

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