Zillow Group Inc. (Z)
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.
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.
