Zillow Group (ZG) to Release Earnings on Wednesday

Zillow Group (NASDAQ:ZG) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Zillow Group to post earnings of $0.35 per share for the quarter. Zillow Group has set its Q1 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The firm had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. On average, analysts expect Zillow Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Zillow Group Price Performance

ZG stock opened at $43.13 on Monday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. Zillow Group has a 12 month low of $33.23 and a 12 month high of $59.23. The firm has a market cap of $10.07 billion, a P/E ratio of -63.43 and a beta of 1.83. The company’s 50-day moving average price is $48.50 and its two-hundred day moving average price is $47.65.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ZG shares. Susquehanna lifted their price target on shares of Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Stephens restated an “overweight” rating and issued a $79.00 price target on shares of Zillow Group in a research report on Wednesday, February 14th. Barclays boosted their price target on shares of Zillow Group from $32.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 21st. Benchmark boosted their price target on shares of Zillow Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Zillow Group in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.79.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the sale, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Jennifer Rock sold 7,352 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the sale, the chief accounting officer now directly owns 56,384 shares of the company’s stock, valued at $3,230,239.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,289 shares of company stock worth $9,642,508. 17.14% of the stock is owned by company insiders.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.