Analysts expect Zillow Group Inc (NASDAQ:ZG) to post sales of $583.17 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Zillow Group’s earnings, with estimates ranging from $581.00 million to $587.43 million. Zillow Group reported sales of $325.25 million in the same quarter last year, which would suggest a positive year over year growth rate of 79.3%. The firm is expected to issue its next quarterly earnings results on Monday, August 5th.

According to Zacks, analysts expect that Zillow Group will report full-year sales of $2.37 billion for the current financial year, with estimates ranging from $2.16 billion to $2.60 billion. For the next financial year, analysts forecast that the firm will report sales of $3.96 billion, with estimates ranging from $2.83 billion to $5.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Zillow Group.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.08. Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%. The firm had revenue of $454.10 million during the quarter, compared to the consensus estimate of $432.09 million. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 51.4% compared to the same quarter last year.

ZG has been the topic of several research reports. Zacks Investment Research cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th. Bank of America cut shares of Zillow Group from a “neutral” rating to an “underperform” rating in a research report on Friday, February 22nd. Barclays restated a “hold” rating on shares of Zillow Group in a research report on Friday, February 22nd. ValuEngine upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Finally, Canaccord Genuity set a $42.00 price objective on shares of Zillow Group and gave the company a “buy” rating in a research report on Friday, February 22nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.80.

Large investors have recently modified their holdings of the stock. Morgan Stanley boosted its stake in shares of Zillow Group by 9.4% during the 1st quarter. Morgan Stanley now owns 4,543,028 shares of the technology company’s stock valued at $155,371,000 after purchasing an additional 389,231 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Zillow Group by 1.0% during the 1st quarter. BlackRock Inc. now owns 2,350,857 shares of the technology company’s stock valued at $80,399,000 after purchasing an additional 22,715 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Zillow Group by 94.0% during the 1st quarter. State of Wisconsin Investment Board now owns 1,819,535 shares of the technology company’s stock valued at $62,228,000 after purchasing an additional 881,815 shares in the last quarter. Norges Bank bought a new stake in Zillow Group during the fourth quarter worth about $28,753,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Zillow Group by 27.2% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 760,169 shares of the technology company’s stock worth $23,892,000 after acquiring an additional 162,322 shares in the last quarter. Institutional investors own 24.15% of the company’s stock.

NASDAQ:ZG traded down $0.36 during trading hours on Thursday, hitting $44.93. The stock had a trading volume of 602,886 shares, compared to its average volume of 971,909. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.73 and a quick ratio of 3.98. Zillow Group has a one year low of $26.20 and a one year high of $65.42. The company has a market cap of $9.40 billion, a price-to-earnings ratio of -172.81 and a beta of 0.81.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Earnings History and Estimates for Zillow Group (NASDAQ:ZG)

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