Zillow Group (ZG) Scheduled to Post Earnings on Wednesday

Zillow Group (NASDAQ:ZG - Get Free Report) will announce 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 that are interested in registering for the company's conference call can do so using this link.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06. The company had revenue of $474.00 million during the quarter, compared to analysts' expectations of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. 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 0.7 %

Shares of NASDAQ ZG traded down $0.30 during midday trading on Wednesday, reaching $42.88. 425,754 shares of the stock were exchanged, compared to its average volume of 688,223. The company has a market capitalization of $10.01 billion, a P/E ratio of -63.06 and a beta of 1.83. Zillow Group has a 52-week low of $33.23 and a 52-week high of $59.23. 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 50 day moving average price of $49.22 and a 200-day moving average price of $47.66.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the business's stock in a transaction on Tuesday, March 26th. The shares were 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 owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other 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 completion of the transaction, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 7,352 shares of the company's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total transaction of $421,196.08. Following the transaction, the chief accounting officer now owns 56,384 shares of the company's stock, valued at approximately $3,230,239.36. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock worth $9,642,508 over the last 90 days. Insiders own 17.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ZG. JMP Securities restated a "market outperform" rating and issued a $68.00 target price on shares of Zillow Group in a report on Friday, April 12th. DA Davidson restated a "buy" rating and issued a $63.00 target price on shares of Zillow Group in a report on Friday, April 5th. Susquehanna boosted their target price 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. Barclays boosted their price objective on shares of Zillow Group from $32.00 to $40.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 price objective on shares of Zillow Group in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and an average target price of $58.79.

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.