Brokerages expect Zillow Group, Inc. (NASDAQ:ZG) to post $294.20 million in sales for the current quarter, according to Zacks. Five analysts have provided 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 in the same quarter last year, which suggests a positive year over year growth rate of 19.7%. The firm is scheduled to report its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Zillow Group will report full year sales of $294.20 million for the current year, with estimates ranging from $1.31 billion to $1.32 billion. For the next year, analysts anticipate that the business will report sales of $1.56 billion per share, with estimates ranging from $1.54 billion to $1.58 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Zillow Group.
Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $282.30 million for the quarter, compared to the consensus estimate of $277.60 million. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. Public Employees Retirement System of Ohio increased its stake in Zillow Group by 8.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,524 shares of the technology company’s stock worth $856,000 after acquiring an additional 1,406 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Zillow Group by 1.2% during the 3rd quarter. California Public Employees Retirement System now owns 123,500 shares of the technology company’s stock worth $4,959,000 after purchasing an additional 1,500 shares during the last quarter. Zevenbergen Capital Investments LLC lifted its stake in shares of Zillow Group by 8.1% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 21,405 shares of the technology company’s stock worth $859,000 after purchasing an additional 1,600 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Zillow Group by 2.0% during the 4th quarter. California State Teachers Retirement System now owns 87,266 shares of the technology company’s stock worth $3,555,000 after purchasing an additional 1,701 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Zillow Group by 3.6% during the 4th quarter. Teachers Advisors LLC now owns 59,570 shares of the technology company’s stock worth $2,427,000 after purchasing an additional 2,050 shares during the last quarter. Institutional investors own 25.89% of the company’s stock.
Shares of Zillow Group (NASDAQ ZG) traded up $1.47 during trading hours on Thursday, hitting $55.12. 443,430 shares of the company were exchanged, compared to its average volume of 450,179. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3,130.00, a P/E ratio of 104.00 and a beta of 1.12. Zillow Group has a 52 week low of $32.63 and a 52 week high of $55.21.
About Zillow Group
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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