Zillow Group (Z) : Earnings Preview

Zillow Group, Inc. (Z) is set to release its second-quarter 2015 results after today’s close. Wall Street analysts are on average expecting  the company to post $169.17 million in sales during the quarter. This would show a 32.89% increase from the Q1’15 revenue of $127.3 million and an increase of 114.96% from the same period in Q1’14. EPS are expected to come in at ($0.26), a decline rate of 420% from ($0.05) per share a year earlier.

As a quick reminder, Zillow reported Q1’15 EPS of ($0.05), $0.06 better than the Street’s consensus estimate of ($0.11). Revs spiked 1,953% yoy to $127.3 million versus the $137.5 million consensus.

Zillow Group, Inc. printed a normal average trading volume in Tuesday’s first-hour of trading with the issue trading 197K shares, compared to the average daily volume of 1.75 million. The stock began trading this morning at $76.00 to currently trade 0.41% lower from the prior days close of $76.50. On an intraday basis it has gotten as low as $75.55 and as high as $77.89.

Zillow’s shares have declined 12.39% in the last 4 weeks and 20.29% in the past three months. Over the past 5 trading sessions the stock has lost 0.53%. The Seattle, WA-based operator of real estate information marketplaces on mobile and the Web in the US has a median Wall Street price target of $107.50 with a high target of $135.00. Z shares, currently valued at $4.43 billion, are down 46.47% year-over-year and 27.76% year-to-date.

The chart below shows where the equity has traded over the last 52 weeks.

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