Wall Street brokerages expected Zillow Group, Inc. will report earnings of $0.06 per share for this quarter, according to Zacks Investment Research. There have been a total of five analysts who have made esitamtes for the Group's earnings. The lowest being $0.05 and the highest at $0.07. The company posted earnings per share of $0.11 in this same quarter last year, which suggests a negative year-over-year growth rate of 45.5%. The next time Zillow Group is expected to report is in the beginning of May.
On average, analysts expect that Zillow Group will report full-year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.81 to $0.91. For the next year, analysts anticipate that the business will post earnings of $1.19 per share, with EPS estimates ranging from $1.07 to $1.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Zillow Group.
Zillow Group last posted its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The company had revenue of $282.30 million during the quarter, compared to the consensus estimate of $277.60 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was up 24.0% on a year-over-year basis.
Several research firms have recently weighed in on ZG. Zacks Investment Research lowered Zillow Group from a “hold” rating to a “sell” rating in a research note on Thursday. Bank of America lifted their price objective on Zillow Group from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Canaccord Genuity lifted their price objective on Zillow Group from $53.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Jefferies Group started coverage on Zillow Group in a research note on Tuesday, February 6th. They issued a “hold” rating and a $50.00 price objective on the stock. Finally, KeyCorp raised Zillow Group from a “sector weight” rating to an “overweight” rating in a research note on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $48.43.
Zillow Group opened at $46.96 recently. Zillow Group has a 12-month low of $32.63 and a 12-month high of $50.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44. The stock has a market capitalization of $2,690.00, a PE ratio of 88.60 and a beta of 1.22.
Several institutional investors have recently made changes to their positions in ZG. Caledonia Private Investments Pty Ltd grew its position in Zillow Group by 2.1% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 13,909,042 shares of the technology company’s stock worth $558,448,000 after acquiring an additional 280,132 shares during the last quarter. Millennium Management LLC grew its position in Zillow Group by 83.9% during the 4th quarter. Millennium Management LLC now owns 597,199 shares of the technology company’s stock worth $24,330,000 after acquiring an additional 272,492 shares during the last quarter. State of Wisconsin Investment Board grew its position in shares of Zillow Group by 31.3% in the 4th quarter. State of Wisconsin Investment Board now owns 824,692 shares of the technology company’s stock worth $33,598,000 after buying an additional 196,571 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Zillow Group in the 4th quarter worth approximately $6,735,000. Finally, Technology Crossover Management VIII Ltd. grew its position in shares of Zillow Group by 40.6% in the 4th quarter. Technology Crossover Management VIII Ltd. now owns 384,337 shares of the technology company’s stock worth $92,792,000 after buying an additional 110,899 shares during the last quarter. Hedge funds and other institutional investors own 25.44% of the company’s stock.
SOURCE Zillow Group
Edited by Victoria Haviland