About Zillow Group, Inc. - Class A Common Stock (ZG)
Zillow Group Inc operates as a prominent online real estate marketplace that connects buyers, sellers, and renters with a vast array of property listings and related services. The company offers a range of tools and resources, including home valuation estimates, browsing options for residential properties, and a platform for real estate professionals to manage their listings effectively. Zillow aims to simplify the real estate process by providing comprehensive information and innovative technology to empower consumers to make informed decisions regarding buying, selling, and renting homes. Additionally, the company has expanded its services to include home financing options and a unique platform for home renovations and improvement services. Read More
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including eXp World (NASDAQ:EXPI) and its peers.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including Zillow (NASDAQ:ZG) and its peers.
Zillow shares are trading higher by 3.9% during Thursday's session. Shares of real estate and broker stocks are trading higher following strong February existing home sales data.
While the broader market has struggled with the S&P 500 down 1% since September 2024, Zillow has surged ahead as its stock price has climbed by 20.2% to $69.50 per share. This performance may have investors wondering how to approach the situation.
Rocket Companies announces it will acquire Redfin in a $1.75 billion deal to bring homebuyers an end-to-end, online real estate solution from browsing listings to securing a mortgage.
Real estate brokerage and services firm Marcus & Millichap (NYSE:MMI)
will be announcing earnings results tomorrow before market hours. Here’s what to expect.
Shares of online real estate marketplace Zillow (NASDAQ:ZG)
fell 14.9% in the morning session after the company reported disappointing fourth-quarter quarterly results as it provided quarterly guidance for sales and EBITDA below Wall Street's expectations.
Online real estate marketplace Zillow (NASDAQ:ZG) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 16.9% year on year to $554 million. On the other hand, next quarter’s revenue guidance of $582.5 million was less impressive, coming in 2.9% below analysts’ estimates. Its non-GAAP profit of $0.27 per share was in line with analysts’ consensus estimates.
