Equities analysts expect Zillow Group, Inc. (NASDAQ:ZG – Get Rating) to announce $0.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Zillow Group’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.55. Zillow Group posted earnings per share of $0.44 during the same quarter last year, which suggests a negative year over year growth rate of 9.1%. The company is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Zillow Group will report full-year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $2.52. For the next year, analysts anticipate that the firm will post earnings of $2.72 per share, with EPS estimates ranging from $2.26 to $3.17. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Zillow Group.
Zillow Group (NASDAQ:ZG – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.56. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Zillow Group had a negative return on equity of 7.61% and a negative net margin of 5.04%. The business’s revenue was up 249.5% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share.
ZG has been the subject of several research reports. Piper Sandler dropped their target price on Zillow Group from $64.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday, March 17th. Morgan Stanley raised their price objective on Zillow Group from $74.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 11th. Bank of America raised their price objective on Zillow Group from $44.00 to $47.00 and gave the stock an “underperform” rating in a research report on Friday, February 11th. Susquehanna Bancshares lowered their price objective on Zillow Group from $62.00 to $41.00 in a research report on Monday, May 9th. Finally, Benchmark lowered their price objective on Zillow Group from $115.00 to $65.00 in a research report on Friday, May 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Zillow Group currently has an average rating of “Hold” and an average price target of $80.95.