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Explore the exciting world of Zillow (ZG 1.98%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
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.
Despite solid growth in all segments, ZG's fourth-quarter earnings miss estimates.
U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
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.
The headline numbers for Zillow (ZG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zillow Group (ZG) 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.
Zillow Group reported $554 million in revenue for its fourth quarter, up 17% year-over-year, topping analyst estimates.
Agreement adds the Redfin sites to the Zillow Rentals Network, enhancing the rental search experience for renters while helping property marketers reach a broader audience SEATTLE , Feb. 11, 2025 /PRNewswire/ -- Zillow® and Redfin today announced a partnership making Zillow the exclusive provider of multifamily rental listings (properties with 25 or more units) on Redfin and its sites, Rent.com and ApartmentGuide.com. This partnership is expected to give renters access to a larger pool of available apartments by expanding the Zillow Rentals Network to include Redfin, Rent.com, and ApartmentGuide.com, alongside existing Zillow brands HotPads and Trulia, as well as Realtor.com, which was added as a partner in 2024.