Zillow Group, Inc. (ZG - Free Report) reported a loss of 42 cents per share in fourth-quarter 2021, which was narrower than the Zacks Consensus Estimate for a loss of $1.24. The company had reported earnings of 41 cents per share in the year-ago quarter.
Total revenues of $3,882.3 million soared 392% year over year. The top line beat the Zacks Consensus Estimate by 25.6%.
Top-Line Details
Homes segment revenues were $3,348.3 million, up a whopping 1,001% year over year. Zillow Offers revenues were $3,336.7 million, skyrocketing 1,006% year over year. Other revenues amounted to $11.7 million compared with $2.4 million in the year-ago quarter.
Internet, Media & Technology (“IMT”) segment revenues increased 14% year over year to $483.2 million in the quarter. Premier Agent revenues totaled $353.8 million, up 13% year over year. Other revenues climbed 18% on a year-over-year basis to $129.4 million.
Mortgages segment revenues decreased 17% year over year to $50.8 million.
Key Metrics
Traffic to Zillow Group’s mobile apps and websites was almost flat year over year at 198 million average monthly users in the quarter. Visits were 2.3 billion, up 2% year over year.
Other Details
Gross profit increased 4.7% year over year to $467.1 million. Total operating expenses increased 85.3% year over year to $622 million. Total adjusted EBITDA was a negative $0.4 million in the quarter against an adjusted EBITDA of $169.9 million in the year-ago quarter.
As of Dec 31, 2021, cash and investments were $3.1 billion compared with $3.2 billion as of Sep 30, 2021.
Guidance
For the first quarter of 2022, Zillow Group expects total revenues between $3,123 million and $3,443 million. IMT segment revenues are expected to be $479-$494 million, with Premier Agent revenues between $358 million and $368 million. Homes revenues are expected between $2,600 million and $2,900 million. Mortgages revenues are anticipated to be $44-$49 million. Total adjusted EBITDA is expected between $124 million and $174 million.
Zacks Rank & Stocks to Consider
Zillow Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vocera Communications, Inc. is a better-ranked stock in the broader Zacks Computer and Technology sector that sports a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 6.2% over the past 60 days.
Vocera Communications has a trailing four-quarter earnings surprise of 109.6%, on average. The stock has returned 49.6% in the past year.
SeaChange International, Inc. (SEAC - Free Report) carries a Zacks Rank #2 (Buy). The consensus estimate for current-year earnings has been revised upward by 10% over the past 60 days.
SeaChange International has a trailing four-quarter earnings surprise of 37.2%, on average. The stock has, however, declined 17.3% in the past year.
Qualcomm, Inc. (QCOM - Free Report) , carrying a Zacks Rank #2, is another solid pick for investors. The consensus estimate for current-year earnings has been revised 0.7% upward over the past 60 days.
Qualcomm has a trailing four-quarter earnings surprise of 12.2%, on average. It has appreciated 17.6% in the past year.
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Zillow Group, Inc. (ZG - Free Report) reported a loss of 42 cents per share in fourth-quarter 2021, which was narrower than the Zacks Consensus Estimate for a loss of $1.24. The company had reported earnings of 41 cents per share in the year-ago quarter.
Total revenues of $3,882.3 million soared 392% year over year. The top line beat the Zacks Consensus Estimate by 25.6%.
Top-Line Details
Homes segment revenues were $3,348.3 million, up a whopping 1,001% year over year. Zillow Offers revenues were $3,336.7 million, skyrocketing 1,006% year over year. Other revenues amounted to $11.7 million compared with $2.4 million in the year-ago quarter.
Internet, Media & Technology (“IMT”) segment revenues increased 14% year over year to $483.2 million in the quarter. Premier Agent revenues totaled $353.8 million, up 13% year over year. Other revenues climbed 18% on a year-over-year basis to $129.4 million.
Mortgages segment revenues decreased 17% year over year to $50.8 million.
Key Metrics
Traffic to Zillow Group’s mobile apps and websites was almost flat year over year at 198 million average monthly users in the quarter. Visits were 2.3 billion, up 2% year over year.
Other Details
Gross profit increased 4.7% year over year to $467.1 million. Total operating expenses increased 85.3% year over year to $622 million. Total adjusted EBITDA was a negative $0.4 million in the quarter against an adjusted EBITDA of $169.9 million in the year-ago quarter.
As of Dec 31, 2021, cash and investments were $3.1 billion compared with $3.2 billion as of Sep 30, 2021.
Guidance
For the first quarter of 2022, Zillow Group expects total revenues between $3,123 million and $3,443 million. IMT segment revenues are expected to be $479-$494 million, with Premier Agent revenues between $358 million and $368 million. Homes revenues are expected between $2,600 million and $2,900 million. Mortgages revenues are anticipated to be $44-$49 million. Total adjusted EBITDA is expected between $124 million and $174 million.
Zacks Rank & Stocks to Consider
Zillow Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vocera Communications, Inc. is a better-ranked stock in the broader Zacks Computer and Technology sector that sports a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 6.2% over the past 60 days.
Vocera Communications has a trailing four-quarter earnings surprise of 109.6%, on average. The stock has returned 49.6% in the past year.
SeaChange International, Inc. (SEAC - Free Report) carries a Zacks Rank #2 (Buy). The consensus estimate for current-year earnings has been revised upward by 10% over the past 60 days.
SeaChange International has a trailing four-quarter earnings surprise of 37.2%, on average. The stock has, however, declined 17.3% in the past year.
Qualcomm, Inc. (QCOM - Free Report) , carrying a Zacks Rank #2, is another solid pick for investors. The consensus estimate for current-year earnings has been revised 0.7% upward over the past 60 days.
Qualcomm has a trailing four-quarter earnings surprise of 12.2%, on average. It has appreciated 17.6% in the past year.
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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