Zillow Group (Z) Scheduled to Post Quarterly Earnings on Wednesday

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

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The company had revenue of $474.00 million for the quarter, compared to analysts’ expectations 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 Trading Down 0.0 %

Shares of Zillow Group stock opened at $43.65 on Tuesday. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $49.54 and a 200 day simple moving average of $48.96. Zillow Group has a 12-month low of $33.80 and a 12-month high of $61.13. The company has a market capitalization of $10.19 billion, a P/E ratio of -64.19 and a beta of 1.75.

Analysts Set New Price Targets

A number of research analysts have issued reports on Z shares. JPMorgan Chase & Co. upped their price objective on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Jefferies Financial Group increased their price target on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.75.

Insider Activity

In other Zillow Group news, Director Amy Bohutinsky sold 93,750 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $56.69, for a total value of $5,314,687.50. Following the sale, the director now directly owns 5,652 shares in the company, valued at approximately $320,411.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Bradley D. Owens sold 966 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the completion of the transaction, the general counsel now owns 17,181 shares of the company’s stock, valued at $996,669.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy Bohutinsky sold 93,750 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the completion of the sale, the director now directly owns 5,652 shares in the company, valued at $320,411.88. The disclosure for this sale can be found here. Insiders have sold a total of 171,289 shares of company stock worth $9,642,508 over the last ninety days. Company insiders own 23.76% of the company’s stock.

Zillow Group Company Profile

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.