Wall Street analysts predict that Zillow Group Inc Class A (NASDAQ:ZG) will post sales of $343.94 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Zillow Group Inc Class A’s earnings. The highest sales estimate is $345.40 million and the lowest is $342.67 million. Zillow Group Inc Class A posted sales of $281.84 million in the same quarter last year, which suggests a positive year-over-year growth rate of 22%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Zillow Group Inc Class A will report full year sales of $1.38 billion for the current financial year, with estimates ranging from $1.33 billion to $1.51 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.88 billion per share, with estimates ranging from $1.65 billion to $2.11 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Zillow Group Inc Class A.

Zillow Group Inc Class A (NASDAQ:ZG) last issued its earnings results on Monday, August 6th. The technology company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.19. Zillow Group Inc Class A had a negative net margin of 7.54% and a positive return on equity of 0.23%. The company had revenue of $325.25 million for the quarter, compared to the consensus estimate of $325.52 million. During the same quarter in the previous year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year.

ZG has been the subject of a number of research analyst reports. Canaccord Genuity set a $65.00 price target on Zillow Group Inc Class A and gave the company a “buy” rating in a report on Thursday, May 31st. Zacks Investment Research raised Zillow Group Inc Class A from a “sell” rating to a “hold” rating in a report on Monday, July 16th. DA Davidson set a $52.00 price target on Zillow Group Inc Class A and gave the company a “hold” rating in a report on Tuesday, August 7th. Cowen reaffirmed a “hold” rating and issued a $50.00 price target on shares of Zillow Group Inc Class A in a report on Tuesday, August 7th. Finally, Jefferies Financial Group cut their price target on Zillow Group Inc Class A from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.18.

Shares of NASDAQ:ZG traded down $0.55 on Tuesday, hitting $47.34. The stock had a trading volume of 7,057 shares, compared to its average volume of 918,643. Zillow Group Inc Class A has a twelve month low of $37.96 and a twelve month high of $65.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 8.13 and a current ratio of 8.18. The company has a market capitalization of $9.65 billion, a PE ratio of 319.27 and a beta of 0.73.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Zillow Group Inc Class A during the 1st quarter worth about $183,000. First Capital Advisors Group LLC. acquired a new position in shares of Zillow Group Inc Class A during the 2nd quarter worth about $223,000. Strs Ohio acquired a new position in shares of Zillow Group Inc Class A during the 2nd quarter worth about $248,000. Sei Investments Co. grew its position in shares of Zillow Group Inc Class A by 204.0% during the 1st quarter. Sei Investments Co. now owns 5,177 shares of the technology company’s stock worth $280,000 after buying an additional 3,474 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Zillow Group Inc Class A by 805.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,245 shares of the technology company’s stock worth $283,000 after buying an additional 4,666 shares during the period. 25.63% of the stock is owned by hedge funds and other institutional investors.

About Zillow Group Inc Class A

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Earnings History and Estimates for Zillow Group Inc Class A (NASDAQ:ZG)

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