Zillow Group Inc (NASDAQ:ZG) Expected to Announce Quarterly Sales of $817.59 Million

Analysts predict that Zillow Group Inc (NASDAQ:ZG) will post $817.59 million in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for Zillow Group’s earnings. The lowest sales estimate is $807.78 million and the highest is $845.00 million. Zillow Group reported sales of $365.34 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 123.8%. The business is scheduled to issue its next earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Zillow Group will report full-year sales of $2.62 billion for the current fiscal year, with estimates ranging from $2.61 billion to $2.64 billion. For the next fiscal year, analysts expect that the company will report sales of $4.76 billion, with estimates ranging from $3.84 billion to $5.40 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Zillow Group.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.30. The business had revenue of $745.21 million for the quarter, compared to the consensus estimate of $717.27 million. Zillow Group had a negative return on equity of 7.20% and a negative net margin of 13.95%. The business’s revenue was up 117.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 earnings per share.

Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Zillow Group from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Craig Hallum boosted their price objective on shares of Zillow Group from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, November 8th. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday. SunTrust Banks reissued a “buy” rating and set a $56.00 price objective on shares of Zillow Group in a research note on Friday, November 8th. Finally, TheStreet lowered shares of Zillow Group from a “c-” rating to a “d+” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.44.

Hedge funds have recently added to or reduced their stakes in the company. Bamco Inc. NY raised its holdings in Zillow Group by 2.9% in the second quarter. Bamco Inc. NY now owns 2,434,684 shares of the technology company’s stock valued at $111,411,000 after buying an additional 67,502 shares during the period. Baillie Gifford & Co. raised its stake in shares of Zillow Group by 28.5% in the 2nd quarter. Baillie Gifford & Co. now owns 1,389,465 shares of the technology company’s stock valued at $63,581,000 after acquiring an additional 308,151 shares during the period. UBS Group AG raised its stake in shares of Zillow Group by 70.2% in the 2nd quarter. UBS Group AG now owns 624,939 shares of the technology company’s stock valued at $28,597,000 after acquiring an additional 257,682 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Zillow Group by 259.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 431,778 shares of the technology company’s stock valued at $19,758,000 after acquiring an additional 311,761 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Zillow Group by 4.6% during the 2nd quarter. Northern Trust Corp now owns 246,293 shares of the technology company’s stock valued at $11,271,000 after acquiring an additional 10,841 shares in the last quarter. Institutional investors and hedge funds own 24.35% of the company’s stock.

ZG stock traded down $0.36 during trading on Friday, hitting $40.35. The stock had a trading volume of 384,633 shares, compared to its average volume of 874,741. The company’s 50 day moving average price is $37.11 and its two-hundred day moving average price is $38.89. Zillow Group has a 1-year low of $27.64 and a 1-year high of $50.99. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of -155.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.84 and a current ratio of 3.81.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Earnings History and Estimates for Zillow Group (NASDAQ:ZG)

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