Zacks: Analysts Expect Zillow Group, Inc. (ZG) Will Post Quarterly Sales of $294.20 Million
Wall Street analysts forecast that Zillow Group, Inc. (NASDAQ:ZG) will announce $294.20 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Zillow Group’s earnings. The highest sales estimate is $294.90 million and the lowest is $293.19 million. Zillow Group posted sales of $245.78 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Zillow Group will report full-year sales of $294.20 million for the current fiscal year, with estimates ranging from $1.31 billion to $1.32 billion. For the next financial year, analysts anticipate that the company will report sales of $1.56 billion per share, with estimates ranging from $1.54 billion to $1.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Zillow Group.
Zillow Group (NASDAQ:ZG) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%. The business had revenue of $282.30 million for the quarter, compared to analyst estimates of $277.60 million. During the same quarter last year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of ZG. Caledonia Private Investments Pty Ltd raised its stake in Zillow Group by 2.1% during the third quarter. Caledonia Private Investments Pty Ltd now owns 13,909,042 shares of the technology company’s stock worth $558,448,000 after purchasing an additional 280,132 shares during the period. Millennium Management LLC increased its position in shares of Zillow Group by 83.9% during the fourth quarter. Millennium Management LLC now owns 597,199 shares of the technology company’s stock valued at $24,330,000 after acquiring an additional 272,492 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Zillow Group by 31.3% during the fourth quarter. State of Wisconsin Investment Board now owns 824,692 shares of the technology company’s stock valued at $33,598,000 after acquiring an additional 196,571 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Zillow Group during the fourth quarter valued at about $6,735,000. Finally, Technology Crossover Management VIII Ltd. increased its position in shares of Zillow Group by 40.6% during the fourth quarter. Technology Crossover Management VIII Ltd. now owns 384,337 shares of the technology company’s stock valued at $92,792,000 after acquiring an additional 110,899 shares during the last quarter. 25.77% of the stock is currently owned by institutional investors.
Shares of Zillow Group (NASDAQ ZG) traded down $0.80 during midday trading on Tuesday, hitting $47.00. 361,161 shares of the stock traded hands, compared to its average volume of 402,314. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2,710.00, a price-to-earnings ratio of 88.68 and a beta of 1.22. Zillow Group has a 1-year low of $32.63 and a 1-year high of $50.91.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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