Zillow Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Zillow Group Inc Z.OQ reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 38 cents to 52 cents per share.

• Revenue rose 14.5% to $655.00 million from a year ago; analysts expected $647.19 million.

• Zillow Group Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $2 million.

• Zillow Group Inc shares had risen by 17.8% this quarter and gained 11.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is also "buy"

• Wall Street's median 12-month price target for Zillow Group Inc is $81.00, about 1.8% below its last closing price of $82.49

This summary was machine generated from LSEG data August 6 at 09:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)