Zillow Group (Z) Set to Announce Quarterly Earnings on Wednesday

Zillow Group (NASDAQ:Z) will post its quarterly earnings results 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.Investors interested in listening to the company’s conference call can do so using this link.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 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 Stock Performance

NASDAQ:Z opened at $60.61 on Tuesday. The firm has a market capitalization of $14.03 billion, a PE ratio of -98.03 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a 50-day simple moving average of $60.65 and a two-hundred day simple moving average of $51.27. Zillow Group has a 52-week low of $35.44 and a 52-week high of $68.73.

Insider Activity

In related news, General Counsel Bradley D. Owens sold 752 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total transaction of $39,953.76. Following the completion of the sale, the general counsel now owns 35,259 shares of the company’s stock, valued at $1,873,310.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the transaction, the general counsel now owns 35,259 shares of the company’s stock, valued at approximately $1,873,310.67. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock valued at $11,780,363 in the last ninety days. Company insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on Z. Deutsche Bank Aktiengesellschaft increased their price target on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Company Profile

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.