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

Zillow Group (NASDAQ:Z - Get Free Report) 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.Parties interested in registering for the company's conference call can do so using this link.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $474.00 million during 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

Shares of Z stock traded down $0.20 on Wednesday, reaching $43.43. The company's stock had a trading volume of 2,647,149 shares, compared to its average volume of 3,871,250. 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 $33.80 and a 12-month high of $61.13. The company has a market capitalization of $10.14 billion, a P/E ratio of -63.87 and a beta of 1.75. The stock's 50 day simple moving average is $50.57 and its 200-day simple moving average is $48.99.

Insider Transactions at Zillow Group

In other news, Director Amy Bohutinsky sold 93,750 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was 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 of the company's stock, valued at approximately $320,411.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Errol G. Samuelson sold 4,219 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy Bohutinsky sold 93,750 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the completion of the transaction, the director now owns 5,652 shares of the company's stock, 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 valued at $9,642,508 in the last ninety days. 23.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Z has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Zillow Group from $46.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, January 26th. Jefferies Financial Group lifted their price objective on Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a 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 stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.75.

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.