Zillow Group (Z) Set to Announce Earnings on Wednesday

Zillow Group (NASDAQ:Z) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Zillow Group to post earnings of $0.32 per share for the quarter. Zillow Group has set its Q3 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. The company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. 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 Down 2.5 %

NASDAQ Z opened at $58.32 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $60.35 and its two-hundred day moving average is $50.92. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of -84.52 and a beta of 1.95. Zillow Group has a 1-year low of $33.80 and a 1-year high of $68.73.

Insider Activity at Zillow Group

In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now directly owns 582 shares in the company, valued at $29,583.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now directly owns 582 shares in the company, valued at $29,583.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the sale, the chief accounting officer now owns 79,694 shares of the company’s stock, valued at $3,923,335.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,999 shares of company stock worth $11,780,363. Insiders own 23.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on Z shares. Bank of America lifted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, UBS Group raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.33.

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.