Zillow Group (ZG - Free Report) just released its second-quarter earnings results, posting earnings of -$0.87 per share and revenue of $208.4 million.
Currently, ZG has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Zillow Group:
- Missed earnings estimates. The company posted a loss of 87 cents per share, missing our Zacks Consensus Estimate of -$0.16. Investors should note that this loss includes substantial costs associated with litigation the company faced this quarter.
- Beat revenue estimates. The company saw revenue figures of $208.4 million, beating out our estimate of $205 million.
- The company say an all-time high of more than 171 million unique users in May to Zillow Group consumer brands.
- Zillow also provided guidance today. It expects third-quarter revenue to fall between $217 million and $22 million and full-year revenue to fall between $830 million and $840 million. Our current estimates call for revenues of $217.58 million and $832.57 million, respectively.
- ZG was down $1.74, or 4.43%, to $37.59 as of 5:09 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Zillow Groups’s latest earnings performance:
Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow, Trulia, StreetEasy and HotPads. The company's business brands includes ActiveRain, Diverse Solutions, Market Leader, Mortech, Postlets and Retsly.
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Zillow Group (ZG - Free Report) just released its second-quarter earnings results, posting earnings of -$0.87 per share and revenue of $208.4 million.
Currently, ZG has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Zillow Group:
- Missed earnings estimates. The company posted a loss of 87 cents per share, missing our Zacks Consensus Estimate of -$0.16. Investors should note that this loss includes substantial costs associated with litigation the company faced this quarter.
- Beat revenue estimates. The company saw revenue figures of $208.4 million, beating out our estimate of $205 million.
- The company say an all-time high of more than 171 million unique users in May to Zillow Group consumer brands.
- Zillow also provided guidance today. It expects third-quarter revenue to fall between $217 million and $22 million and full-year revenue to fall between $830 million and $840 million. Our current estimates call for revenues of $217.58 million and $832.57 million, respectively.
- ZG was down $1.74, or 4.43%, to $37.59 as of 5:09 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Zillow Groups’s latest earnings performance:
Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow, Trulia, StreetEasy and HotPads. The company's business brands includes ActiveRain, Diverse Solutions, Market Leader, Mortech, Postlets and Retsly.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on ZG - FREE