Zillow Group, Inc. (NASDAQ:ZG) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.11 per share.
For the full year, analysts predict revenues of $ 3152.79 million, while looking forward to loss of $ 0.38 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 543.00 million ~ $ 581.00 million
Click Here For More Historical Outlooks Of Zillow Group, Inc.
Previous Quarter Performance
Zillow Group, Inc. unveiled loss for the second quarter of $ 0.41 per share, from the revenue of $ 768.35 million. The quarterly revenues improved 28.15 percent compared with the same quarter last year. Wall street analysts are predicting, ZG to report 2Q20 loss of $ 0.48 per share from revenue of $ 615.44 million. The bottom line results beat street analysts by $ 0.07 or 14.58 percent, at the same time, top line results outshined analysts by $ 152.91 million or 24.85 percent.
Stock Performance
Shares of Zillow Group, Inc. traded up $ 8.15 or 8.81 percent on Wednesday, reaching $ 100.61 with volume of 894.10 thousand shares. Zillow Group, Inc. has traded high as $ 100.92 and has cracked $ 94.78 on the downward trend
The closing price of $ 100.61, representing a 395.76 % increase from the 52 week low of $ 18.65 and a 17.6 % decrease over the 52 week high of $ 112.21.
The company has a market capital of $ 22.70 billion and is part of the Real Estate sector and Real Estate Services industry.
Recent Analyst recommendations
- On 25th September 2020, initiated by Piper Sandler at Overweight rating, with $ 112.00 target price.
- On 24th September 2020, maintained by Benchmark at Buy rating, with $ 120.00 target price.
- On 17th September 2020, maintained by Craig Hallum at Buy rating, with $ 120.00 target price.
Conference Call
Zillow Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.zillowgroup.com
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.
