Zillow Group (Z) to Release Quarterly Earnings on Wednesday

Zillow Group (NASDAQ:Z) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Zillow Group has set its Q1 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The company had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. 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 3.3 %

Shares of NASDAQ Z opened at $43.63 on Wednesday. Zillow Group has a 1-year low of $33.80 and a 1-year high of $61.13. The company has a market cap of $10.19 billion, a PE ratio of -64.16 and a beta of 1.76. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $50.78 and a two-hundred day moving average of $48.99.

Insider Activity

In other news, insider Errol G. Samuelson sold 4,219 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the transaction, the general counsel now owns 17,181 shares of the company’s stock, valued at approximately $996,669.81. The disclosure for this sale can be found here. Insiders sold 171,289 shares of company stock worth $9,642,508 over the last quarter. 23.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on Z shares. Jefferies Financial Group boosted their price target on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of Zillow Group from $46.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.75.

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.