Zillow Group (NASDAQ:ZG) Posts Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Zillow Group (NASDAQ:ZG) announced its earnings results on Thursday. The technology company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.30, Briefing.com reports. Zillow Group had a negative net margin of 13.49% and a negative return on equity of 5.12%. The company had revenue of $745.21 million for the quarter, compared to analysts’ expectations of $717.27 million. During the same period last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 117.2% on a year-over-year basis.

Shares of NASDAQ:ZG traded up $3.71 during mid-day trading on Friday, reaching $37.43. 2,701,700 shares of the company’s stock were exchanged, compared to its average volume of 908,004. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of -143.96 and a beta of 0.90. The business’s fifty day moving average price is $31.33 and its 200-day moving average price is $38.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.76 and a current ratio of 3.67. Zillow Group has a twelve month low of $26.20 and a twelve month high of $50.99.

Several brokerages have recently commented on ZG. Piper Jaffray Companies lowered their target price on shares of Zillow Group from $43.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday. Stephens set a $57.00 target price on shares of Zillow Group and gave the stock a “buy” rating in a report on Wednesday, September 4th. ValuEngine cut shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Raymond James reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, September 4th. Finally, Barclays reissued a “sell” rating and issued a $27.00 price objective on shares of Zillow Group in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.81.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Earnings History for Zillow Group (NASDAQ:ZG)

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