Todays Report: The Zillow Group Inc. (ZG) Set to Announce Quarterly Earnings on Tuesday

The Zillow Group Inc. (ZG) Set to Announce Quarterly Earnings on Tuesday

Zillow Group Inc. (NASDAQ:ZG) will announce its earnings results after the market closes on Tuesday, November 1st. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.71) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.68. The company earned $208.40 million during the quarter, compared to analyst estimates of $205.90 million. Zillow Group had a negative net margin of 34.51% and a negative return on equity of 9.25%. The firm’s revenue was up 31.3% compared to the same quarter last year. On average, analysts expect Zillow Group to post $-0.55 EPS for the current fiscal year and $0.57 EPS for the next fiscal year.

Zillow Group Inc. (NASDAQ:ZG) opened at 32.07 on Friday. The firm’s market cap is $5.75 billion. Zillow Group Inc. has a 1-year low of $16.45 and a 1-year high of $39.99. The company has a 50-day moving average price of $33.62 and a 200-day moving average price of $32.72.

A number of equities research analysts recently commented on ZG shares. Zacks Investment Research lowered Zillow Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Needham & Company LLC began coverage on Zillow Group in a research report on Friday, October 7th. They set a “buy” rating and a $40.00 target price for the company. Deutsche Bank AG raised their target price on Zillow Group from $20.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Pacific Crest reaffirmed a “hold” rating on shares of Zillow Group in a research report on Friday, August 5th. Finally, RBC Capital Markets raised their target price on Zillow Group to $42.00 in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Zillow Group has an average rating of “Hold” and a consensus target price of $36.38.

Hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. purchased a new position in shares of Zillow Group during the second quarter worth $202,000. Dimensional Fund Advisors LP boosted its position in shares of Zillow Group by 21.9% in the second quarter. Dimensional Fund Advisors LP now owns 380,898 shares of the company’s stock worth $13,957,000 after buying an additional 68,338 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Zillow Group by 14.5% in the second quarter. BlackRock Investment Management LLC now owns 21,965 shares of the company’s stock worth $805,000 after buying an additional 2,774 shares in the last quarter. BlackRock Inc. boosted its position in shares of Zillow Group by 64.8% in the second quarter. BlackRock Inc. now owns 10,754 shares of the company’s stock worth $394,000 after buying an additional 4,229 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Zillow Group by 18.7% in the second quarter. BlackRock Fund Advisors now owns 492,668 shares of the company’s stock worth $18,056,000 after buying an additional 77,740 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

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