Zillow shares dropped after a buoyant Q4 earnings print, owing to a perceived weak Q1 outlook. I reiterate my buy rating and encourage buying the dip. The company has a track record for guiding conservatively, exceeding even the high end of its range over the past several quarters. The company has also reminded us that we're in a real estate cyclical trough, with very low housing turnover (~3%) versus historical averages of 4.2%.
Zillow Group, Inc. ZG shares are trading lower after the company reported mixed results on Tuesday.
Zillow Group (Z -11.96%) (ZG -12.91%) stock tumbled 13.1% through 10:20 a.m. ET Wednesday, despite beating Wall Street sales forecasts in its earnings release last night.
Zillow Group, Inc. (NASDAQ:Z ) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET Company Participants Bradley Berning - Investor Relations Jeremy Wacksman - Chief Executive Officer Jeremy Hofmann - Chief Financial Officer Conference Call Participants Ronald Josey - Citigroup Ryan McKeveny - Zelman & Associates Bradley Erickson - RBC Capital Markets Mark Mahaney - Evercore ISI Nicholas Jones - Citizens JMP John Colantuoni - Jefferies Thomas Champion - Piper Sandler Jay McCanless - Wedbush Securities Operator Hello and welcome to Zillow Group's Fourth Quarter 2024 Financial Results 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.
Zillow (Z) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.20 per share a year ago.
Match Group announced Zillow co-founder Spencer Rascoff as its new CEO. Rascoff, who has served as a member of the board since March 2024, will immediately replace current CEO Bernard Kim.
Zillow (Z) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
There is upside to the current Street estimates for Zillow Group Inc ZG even in the absence of any improvement in existing home sales through 2026, according to KeyBanc Capital Markets.
Zillow (Z) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zillow + Zillow Group +0.1 (+0.15%)
Zillow (Z, ZG) has unveiled its predictions for the top five housing markets in 2025, with Buffalo, New York securing the leading position. Indianapolis, Indiana takes second place, followed by Providence, Rhode Island in third.
Seattle-based real estate company Zillow Group laid off an unspecified number of employees, the company confirmed Friday.