Zillow Group (ZG) to Release Earnings on Wednesday

Key Points

• Zillow Group will report quarterly results after the market close on Wednesday, May 6; analysts expect EPS of $0.42 and $705.48 million in revenue.
• In the prior quarter Zillow missed estimates, reporting $0.39 EPS versus a $0.42 consensus, while revenue was $654 million, up 18.1% year-over-year.
• Insiders sold 60,801 shares (~$2.68 million) in the last three months, and analysts hold a "Moderate Buy" consensus with an average price target of $76.45 as the stock trades around $44.91 (12‑month range $39.14–$90.22).

Zillow Group (NASDAQ:ZG - Get Free Report) is expected to post its results after the market closes on Wednesday, May 6th. Analysts expect Zillow Group to post earnings of $0.42 per share and revenue of $705.4840 million for the quarter.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The business had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. During the same quarter last year, the firm posted $0.27 EPS. The company's quarterly revenue was up 18.1% compared to the same quarter last year. On average, analysts expect Zillow Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Zillow Group Stock Performance

NASDAQ ZG opened at $44.91 on Wednesday. Zillow Group has a twelve month low of $39.14 and a twelve month high of $90.22. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 499.06, a PEG ratio of 2.24 and a beta of 2.10. The firm's 50 day moving average price is $43.73 and its two-hundred day moving average price is $58.75.

Insider Activity

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the company's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total transaction of $604,499.25. Following the sale, the chief executive officer directly owned 116,322 shares of the company's stock, valued at approximately $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO David A. Beitel sold 3,966 shares of the business's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total value of $175,376.52. Following the completion of the transaction, the chief technology officer directly owned 136,690 shares in the company, valued at approximately $6,044,431.80. This represents a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 60,801 shares of company stock valued at $2,683,986. Corporate insiders own 17.14% of the company's stock.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arax Advisory Partners grew its stake in shares of Zillow Group by 402.3% during the fourth quarter. Arax Advisory Partners now owns 442 shares of the technology company's stock valued at $30,000 after purchasing an additional 354 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $47,000. Quarry LP bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $56,000. Group One Trading LLC grew its stake in shares of Zillow Group by 884.7% during the third quarter. Group One Trading LLC now owns 1,477 shares of the technology company's stock valued at $110,000 after purchasing an additional 1,327 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Zillow Group by 10.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the technology company's stock valued at $147,000 after purchasing an additional 198 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on ZG shares. Mizuho set a $65.00 price objective on shares of Zillow Group in a research report on Wednesday, February 11th. DA Davidson set a $75.00 price target on shares of Zillow Group in a report on Thursday, February 12th. BNP Paribas Exane began coverage on shares of Zillow Group in a report on Wednesday, January 14th. They set an "outperform" rating and a $85.00 price target on the stock. Evercore restated an "outperform" rating on shares of Zillow Group in a report on Tuesday, March 17th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zillow Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and an average price target of $76.45.

Zillow Group Company Profile

Zillow Group NASDAQ: ZG is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow's core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.

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