Analysts Set Expectations for Zillow Group, Inc.’s FY2017 Earnings (ZG)
Zillow Group, Inc. (NASDAQ:ZG) – Equities researchers at Jefferies Group issued their FY2017 earnings estimates for Zillow Group in a research report issued to clients and investors on Tuesday. Jefferies Group analyst B. Thill forecasts that the technology company will post earnings of ($0.05) per share for the year. Jefferies Group currently has a “Hold” rating and a $50.00 target price on the stock. Jefferies Group also issued estimates for Zillow Group’s Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.18 EPS.
ZG has been the subject of several other reports. KeyCorp raised Zillow Group from a “sector weight” rating to an “overweight” rating in a research report on Friday, January 26th. JMP Securities lifted their target price on Zillow Group from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. Canaccord Genuity reissued a “buy” rating and set a $52.00 price objective on shares of Zillow Group in a research report on Wednesday, November 8th. Barclays boosted their price objective on Zillow Group from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus started coverage on Zillow Group in a research report on Thursday, January 18th. They set a “hold” rating and a $38.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.43.
Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $282.30 million during the quarter, compared to the consensus estimate of $277.60 million. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. Zillow Group’s revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS.
Several institutional investors have recently made changes to their positions in ZG. State of Alaska Department of Revenue acquired a new position in shares of Zillow Group during the fourth quarter worth about $195,000. Stifel Financial Corp purchased a new stake in Zillow Group during the second quarter worth approximately $209,000. Parametrica Management Ltd purchased a new stake in Zillow Group during the fourth quarter worth approximately $235,000. Advisors Asset Management Inc. lifted its stake in Zillow Group by 85.0% during the third quarter. Advisors Asset Management Inc. now owns 6,085 shares of the technology company’s stock worth $244,000 after purchasing an additional 2,796 shares during the last quarter. Finally, Lourd Capital LLC purchased a new stake in Zillow Group during the fourth quarter worth approximately $259,000. 25.41% of the stock is owned by institutional investors and hedge funds.
WARNING: This article was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://theolympiareport.com/2018/02/11/analysts-set-expectations-for-zillow-group-inc-s-fy2017-earnings-zg.html.
About Zillow Group
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 people 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.
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.