Zillow Group (ZG) Expected to Release Quarterly Earnings on Wednesday

Zillow Group (NASDAQ:ZG) is expected to post its results after the market closes on Wednesday, November 4th. Analysts expect Zillow Group to announce earnings of $0.60 per share and revenue of $753.96 million for the quarter.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $758.25 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. On average, analysts expect Zillow Group to post $0.91 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.

Zillow Group Stock Performance

ZG stock opened at $32.90 on Tuesday. The company has a market capitalization of $7.40 billion, a PE ratio of 149.55, a price-to-earnings-growth ratio of 1.35 and a beta of 2.02. Zillow Group has a one year low of $27.25 and a one year high of $74.80. The company’s 50 day moving average price is $32.00 and its two-hundred day moving average price is $39.21.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. DA Davidson cut their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Citizens Jmp decreased their target price on shares of Zillow Group from $75.00 to $46.00 and set a “market outperform” rating on the stock in a research report on Friday, August 7th. KeyCorp reissued an “overweight” rating and issued a $48.00 price target on shares of Zillow Group in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company set a $21.00 price target on shares of Zillow Group in a research report on Monday, October 12th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Hold” and an average target price of $51.10.

Insider Transactions at Zillow Group

In other news, Director Claire Thielke sold 1,187 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total transaction of $42,387.77. Following the completion of the sale, the director owned 2,375 shares of the company’s stock, valued at approximately $84,811.25. This represents a 33.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dan Spaulding sold 3,169 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $35.37, for a total value of $112,087.53. Following the sale, the insider directly owned 44,561 shares of the company’s stock, valued at approximately $1,576,122.57. This trade represents a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 38,539 shares of company stock valued at $1,323,800. Insiders own 29.88% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms for consumers, real estate professionals, and other housing industry participants. Its services are designed to help people search for homes, understand property values, connect with agents, and manage transactions throughout the residential real estate process.

The company’s portfolio includes Zillow, Trulia, StreetEasy, HotPads, and ShowingTime+. Zillow provides home listings, estimated property values, rental information, agent connections, mortgage resources, and other housing-related tools.