Zillow Group: Growth To Improve Against An Improving Macro Backdrop
Zillow Group stock remains buy-rated with a brighter growth outlook due to improving macro backdrop and solid execution in enhanced markets and top-of-funnel awareness. 2Q24 results exceeded expectations with revenue of $572 million and total adj EBITDA of $134 million, driven by strong performance in the residential, mortgage, and rental segments. ZG's growth catalysts of penetrating enhanced markets and expanding rentals continue to play out well, with solid revenue growth and market leadership position.
Zillow's Stock Has 10X Potential
Disrupting real estate is no small task, but Zillow has the strategy to get it done.
Zillow Group To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Wall Street Predicts Zillow Stock Will Dominate in Performance
A broader market selloff, like the one seen in the S&P 500 earlier this week, triggered by the unwinding of a so-called ‘carry trade' started in Japan, tends to bring down essentially all stocks regardless of their fundamental picture. Now trading at only 75% of their 52-week high, shares of Zillow Group Inc. NASDAQ: Z have become a worthy name for investors to consider during these selloffs.
Why Zillow Stock Popped Today
The online real estate leader beat top-line estimates in its second-quarter report. The company made more progress to GAAP profitability.
Zillow Stock Soars as Real Estate Company Names New CEO, Reports Revenue Growth
Zillow Group (Z) shares jumped as the real estate services company reported better-than-expected results for the second quarter and named a new chief executive officer.
Zillow shares pop on earnings, CEO announcement
Zillow (NASDAQ:Z) shares surged almost 20% on Thursday as the real estate marketplace posted better-than-expected financial results for the second quarter and unveiled its new chief executive. Chief operating officer Jeremy Wacksman has been promoted to CEO and been appointed to the company's board of directors, the company said.
Zillow's (ZG) Q2 Earnings Beat Estimates, Revenues Surge Y/Y
Zillow's (ZG) second-quarter 2024 results benefit from healthy growth in residential and rental segments.
Zillow: Set To Benefit From Industry Changes As Revenue And EBITDA Expand
Shares of Zillow popped more than 15% after reporting strong Q2 results. The company saw a continued sequential recovery in the residential business, while multifamily properties drove yet another quarter of acceleration in Zillow Rentals. New U.S. real estate industry rules will take impact in August, which will favor more buyers who forego agents and conduct home research themselves on platforms like Zillow.
Zillow stock rises 18% as mortgage and rentals helps boost revenue amid slow home sales
Housing market headwinds remain strong.
Zillow (ZG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Zillow (ZG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Zillow Group, Inc. (Z) Q2 2024 Earnings Call Transcript
Zillow Group, Inc. (NASDAQ:Z ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Bradley Berning - VP, Strategic Affairs & IR Richard Barton - Co-Founder & CEO Jeremy Wacksman - COO Jeremy Hofmann - CFO Conference Call Participants Ronald Josey - Citigroup Nicholas Jones - Citizens JMP Bradley Erickson - RBC Mark Mahaney - Evercore ISI Ryan McKeveny - Zelman & Associates John Campbell - Stephens John Colantuoni - Jefferies Thomas Champion - Piper Sandler Operator Hello, and welcome to Zillow's Second Quarter 2024 Earnings Call. We ask that you please hold all questions until the completion of the formal remarks, at which time, you will be given instructions for the question-and-answer session.
