$349.46 Million in Sales Expected for Zillow Group Inc (ZG) This Quarter

Analysts expect Zillow Group Inc (NASDAQ:ZG) to report $349.46 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Zillow Group’s earnings, with the lowest sales estimate coming in at $347.66 million and the highest estimate coming in at $350.92 million. Zillow Group posted sales of $282.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.8%. The business is scheduled to announce its next earnings report on Thursday, February 14th.

On average, analysts expect that Zillow Group will report full-year sales of $1.32 billion for the current year. For the next fiscal year, analysts anticipate that the company will post sales of $1.88 billion, with estimates ranging from $1.77 billion to $2.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Zillow Group.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. The business had revenue of $343.09 million for the quarter, compared to analysts’ expectations of $343.73 million.

A number of research firms have weighed in on ZG. Zacks Investment Research reiterated a “hold” rating on shares of Zillow Group in a research note on Saturday, November 17th. Susquehanna Bancshares cut shares of Zillow Group from a “neutral” rating to a “negative” rating in a research note on Wednesday, November 7th. Barclays reiterated a “hold” rating and issued a $32.00 target price on shares of Zillow Group in a research note on Thursday, November 8th. Jefferies Financial Group dropped their target price on shares of Zillow Group from $52.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, November 7th. Finally, Canaccord Genuity set a $60.00 target price on shares of Zillow Group and gave the company a “buy” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $44.53.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 206.5% in the 3rd quarter. Vanguard Group Inc. now owns 14,959,121 shares of the technology company’s stock worth $661,673,000 after buying an additional 10,077,908 shares during the last quarter. Morgan Stanley increased its holdings in shares of Zillow Group by 124.7% in the 3rd quarter. Morgan Stanley now owns 3,965,989 shares of the technology company’s stock worth $175,296,000 after buying an additional 2,201,039 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Zillow Group by 619.4% in the 3rd quarter. Legal & General Group Plc now owns 167,822 shares of the technology company’s stock worth $7,418,000 after buying an additional 144,494 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Zillow Group by 4.1% in the 3rd quarter. Teachers Advisors LLC now owns 67,144 shares of the technology company’s stock worth $2,968,000 after buying an additional 2,672 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Zillow Group by 34.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 30,312 shares of the technology company’s stock worth $1,340,000 after buying an additional 7,808 shares during the last quarter. Hedge funds and other institutional investors own 28.81% of the company’s stock.

Zillow Group stock traded down $0.90 during midday trading on Wednesday, hitting $35.75. 683,509 shares of the stock were exchanged, compared to its average volume of 1,113,800. Zillow Group has a 52-week low of $26.20 and a 52-week high of $65.42. The stock has a market cap of $7.45 billion, a PE ratio of 238.33 and a beta of 1.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72.

About Zillow Group

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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