Zillow Group (ZG) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Zillow Group is expected to report its quarterly earnings on August 6th, with analysts predicting earnings of $0.44 per share and revenue of $647.06 million.
• In its previous quarter, the company reported $0.41 EPS, missing estimates by $0.06, but showed a revenue increase of 13.0% year-over-year.
• Recent stock analyses have led to varying price target adjustments, with Canaccord Genuity lowering its target from $86 to $76, while Wells Fargo raised it from $60 to $75.

Zillow Group (NASDAQ:ZG - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $647.06 million for the quarter. Zillow Group has set its Q2 2025 guidance at EPS.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative net margin of 3.51% and a negative return on equity of 1.62%. The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same period in the prior year, the company posted $0.36 earnings per share. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts expect Zillow Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Zillow Group Price Performance

NASDAQ ZG traded up $0.41 during mid-day trading on Friday, hitting $77.16. The stock had a trading volume of 459,203 shares, compared to its average volume of 502,296. The firm's 50 day moving average is $71.02 and its 200 day moving average is $70.63. Zillow Group has a twelve month low of $40.30 and a twelve month high of $86.58. The stock has a market capitalization of $18.63 billion, a price-to-earnings ratio of -226.94, a PEG ratio of 14.18 and a beta of 2.07.

Analyst Ratings Changes

A number of research firms have recently weighed in on ZG. Barclays lowered their price target on Zillow Group from $64.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group lowered their price target on Zillow Group from $86.00 to $76.00 and set a "hold" rating for the company in a report on Monday, May 5th. Benchmark lowered their price target on Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wedbush reiterated an "outperform" rating and set a $90.00 price target (down from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. Finally, Piper Sandler increased their price target on Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Zillow Group presently has an average rating of "Hold" and a consensus target price of $82.45.

Insiders Place Their Bets

In related news, COO Jun Choo sold 11,725 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the transaction, the chief operating officer directly owned 130,186 shares of the company's stock, valued at $8,952,891.22. This represents a 8.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 7,959 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $549,011.82. Following the transaction, the chief financial officer directly owned 97,481 shares of the company's stock, valued at approximately $6,724,239.38. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,093 shares of company stock worth $6,989,688. 17.14% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its holdings in Zillow Group by 40.5% during the first quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company's stock valued at $862,000 after buying an additional 3,717 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Zillow Group by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company's stock valued at $5,878,000 after purchasing an additional 5,737 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Zillow Group by 110.8% in the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company's stock valued at $19,456,000 after purchasing an additional 152,955 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company's stock.

About Zillow Group

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.