Zillow Group (ZG) Projected to Post Earnings on Tuesday

Zillow Group (NASDAQ:ZG - Get Free Report) is expected to release its earnings data after the market closes on Tuesday, February 11th. Analysts expect Zillow Group to post earnings of $0.26 per share and revenue of $544.00 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business had revenue of $581.00 million during the quarter, compared to analysts' expectations of $555.45 million. During the same quarter last year, the firm posted ($0.12) earnings per share. The firm's revenue was up 17.1% on a year-over-year basis. 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 Up 1.1 %

ZG traded up $0.90 during trading on Wednesday, hitting $82.57. The company's stock had a trading volume of 153,271 shares, compared to its average volume of 368,876. Zillow Group has a twelve month low of $38.06 and a twelve month high of $83.67. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $19.29 billion, a P/E ratio of -144.77, a PEG ratio of 10.99 and a beta of 2.09. The stock's fifty day moving average price is $75.51 and its 200-day moving average price is $64.40.

Wall Street Analysts Forecast Growth

ZG has been the subject of a number of research reports. DA Davidson raised their price objective on Zillow Group from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Royal Bank of Canada upped their price target on Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Evercore ISI upped their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Robert W. Baird started coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a "neutral" rating and a $88.00 price objective for the company. Finally, UBS Group upped their price objective on Zillow Group from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.00.

Insider Transactions at Zillow Group

In related news, CTO David A. Beitel sold 56,750 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the sale, the chief technology officer now directly owns 92 shares of the company's stock, valued at approximately $6,659.88. This trade represents a 99.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock valued at $12,520,379 in the last three months. 17.14% of the stock is currently owned by company insiders.

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.