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Zillow (ZG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zillow (ZG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The housing market could be breaking free from the "rate lock" phenomenon that froze activity in 2023. That's because owners appear less deterred by high mortgage rates when considering whether to sell their homes, Zillow said.
Zillow (ZG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Zillow (NASDAQ:Z) Group Inc shares have priced in a steady recovery in housing in 2024 and near record low home affordability could limit volume upside, Bank of America analysts acknowledged. In downgrading Zillow stock to ‘Neutral' from ‘Buy', the analysts also cited real estate commission lawsuits as being an overhang on Zillow's buy side agent lead generation segment, which make up nearly 50% of the company's revenues.
Shares of Zillow Group Inc. were knocked lower Wednesday following a Wall Street analyst's call to stop buying, saying prices already reflect a recovery in the housing market.
BofA Securities analyst Curtis Nagle downgrades shares of the real estate company to Neutral from Buy.
Buffalo, New York will see its housing market become the most competitive out of 50 major cities this year, projections from Zillow indicated.
Skylar Olsen, Zillow chief economist, joins 'Money Movers' to discuss her outlook for housing in 2024 and more.
With healthy fundamentals, Zillow Group (ZG) appears to be a solid investment option at the moment.