Zillow Group (NASDAQ:ZG - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Zillow Group has set its Q3 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 posted its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.08. The business had revenue of $572.00 million for the quarter, compared to analysts' expectations of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. 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 Stock Up 2.9 %
Shares of NASDAQ:ZG traded up $1.63 during midday trading on Wednesday, reaching $58.11. The company had a trading volume of 174,134 shares, compared to its average volume of 617,023. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The stock's fifty day moving average price is $58.45 and its 200-day moving average price is $49.54. The stock has a market capitalization of $13.72 billion, a P/E ratio of -81.86 and a beta of 2.01. Zillow Group has a one year low of $33.23 and a one year high of $66.75.
Insider Activity
In other news, CAO Jennifer Rock sold 4,050 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares of the company's stock, valued at approximately $3,923,335.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares of the company's stock, valued at $379,983.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,999 shares of company stock valued at $11,780,363. 17.14% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on ZG. Benchmark lifted their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Royal Bank of Canada restated an "outperform" rating and issued a $66.00 price target on shares of Zillow Group in a research note on Tuesday, October 22nd. DA Davidson lifted their price target on shares of Zillow Group from $52.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Susquehanna lifted their price target on shares of Zillow Group from $42.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Finally, Evercore ISI lifted their price target on shares of Zillow Group from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.53.
Check Out Our Latest Research Report on ZG
About Zillow Group
(
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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.
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