** Zillow Group ZG.O drops ~14% to $72.27 after online home-listings firm reported adjusted earnings that missed analyst estimates
** ZG is on track for the second straight session of losses as well as the biggest daily pct drop since Nov 2021
** After the closing bell on Tues, Co reported adj EPS of 27 cents, slightly lower than the average analyst estimate of 29 cents; but revenue rose ~17% to $554 mln, beating the Wall Street estimate of $545.30 mln, per LSEG data
** ZG also reported a GAAP loss of $52 mln, narrower than $73 mln reported a year ago
** Following the result, Deutsche Bank cut its PT on ZG to $92 from $95 although Bank of America Global Research raised their PT to $84 from $81 while Benchmark raised their PT to $110 from $100
** Among 28 analysts covering ZG, avg rating is "BUY" and their median PT is $90, up from $78.60 a month ago, per LSEG data
** ZG is up ~3% YTD versus ~25% gain in 2024
(Reporting by Chibuike Oguh in New York)
((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
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