Zillow (Z) Q2 Earnings and Revenues Surpass Estimates
Zillow (Z) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.39 per share a year ago.
Zillow Group (ZG) Surpasses Q2 Earnings and Revenue Estimates
Zillow Group (ZG) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.39 per share a year ago.
Zillow: A Great Website (That Needs To Be Monetized)
Zillow Group operates a very popular website with hundreds of millions of visitors monthly. The company has a net cash position of $1.2 billion and has been reducing its outstanding shares with its share buyback program. However, while Q1 results show that revenue grew 13% yoy, the company continues to operate at a GAAP-based net loss (-$0.10/share in Q1).
Wall Street Analysts Believe Zillow (ZG) Could Rally 25.02%: Here's is How to Trade
The consensus price target hints at a 25% upside potential for Zillow (ZG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
1 Massive Reason to Love Zillow Stock
An insider just bought $100 million in stock.
Zillow Strong Position For Rate Cuts and Slowing Inflation
This week, inflation data provided some encouraging signs. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) came in lower than expected.
Zillow Group and multiple listing firms reach settlement in ShowingTime lawsuit
This story originally appeared on Real Estate News.
Zillow stock soars 13% on insider buying: Time to jump in?
On June 12, 2024, Zillow Group, Inc. (NASDAQ:Z) experienced a significant surge in its stock price, closing up over 13%.
3 Stocks to Watch as New Home Listings Climb Again
After a few months of stalemate between buyers and sellers, the U.S. real estate sector is finally looking to get back on its feet. With the Intercontinental Exchange reporting that most outstanding mortgages in the U.S. carry an interest rate of only 3.25% today, most homeowners don't have an incentive to put their homes on the market.
Why Is Zillow (ZG) Down 1.4% Since Last Earnings Report?
Zillow (ZG) reported earnings 30 days ago. What's next for the stock?
Zillow Group, Inc. (NASDAQ:Z) General Counsel Sells $60,617.95 in Stock
Zillow Group, Inc. (NASDAQ:Z – Get Free Report) General Counsel Bradley D. Owens sold 1,373 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total value of $60,617.95. Following the transaction, the general counsel now directly owns 40,194 shares in the company, valued at approximately $1,774,565.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Zillow Group Price Performance Shares of Z opened at $44.10 on Monday. The stock’s 50-day moving average price is $46.05 and its 200 day moving average price is $49.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13. Zillow Group (NASDAQ:Z – Get Free Report) last issued its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, analysts predict that Zillow Group, Inc. will post -0.18 earnings per share for the current year. Analyst Ratings Changes Z has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, May 2nd. Jefferies Financial Group lifted their target price on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Wedbush decreased their price target on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.20. Check Out Our Latest Report on Zillow Group Institutional Trading of Zillow Group Several institutional investors have recently made changes to their positions in Z. International Assets Investment Management LLC acquired a new position in Zillow Group during the fourth quarter worth $9,983,000. FMR LLC lifted its holdings in Zillow Group by 203.1% during the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after purchasing an additional 2,312,241 shares during the last quarter. Hsbc Holdings PLC boosted its position in Zillow Group by 35.4% in the third quarter. Hsbc Holdings PLC now owns 261,547 shares of the financial services provider’s stock valued at $12,103,000 after buying an additional 68,357 shares in the last quarter. Ninety One UK Ltd grew its stake in Zillow Group by 29.4% during the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock worth $109,898,000 after buying an additional 431,070 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Zillow Group during the third quarter worth about $2,864,000. 71.01% of the stock is currently owned by institutional investors and hedge funds. Zillow Group Company Profile (Get Free Report) Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
Zillow Group: Multiple Growth Catalysts, But Slowdown In Residential Is A Concern
Zillow Group's 1Q24 earnings beat estimates, with revenue growing 13% to $529 million. The company has three major growth catalysts: agent solutions, expansion into new markets, and a strong Rentals segment. The potential slowdown in the Residential segment is a concern, but Zillow Group still has attractive upside potential.
