Previous Close | 42.00 |
Open | 42.03 |
Bid | 41.40 x 100 |
Ask | 41.46 x 100 |
Day's Range | 41.11 - 42.85 |
52 Week Range | 33.23 - 59.23 |
Volume | |
Avg. Volume | 728,775 |
Market Cap | 9.885B |
Beta (5Y Monthly) | 1.85 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.68 |
Earnings Date | May 01, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 59.57 |
Shares of Zillow Group (Z, ZG) are falling sharply in after-hours trading. The company reported first quarter adjusted earnings of $0.36, topping estimates of $0.28. Revenue of $529 million beat Street expectations of $508.9 million. The second quarter revenue forecast, however, was a disappointment. Zillow sees revenue in a range of $525 million to $540 million in the quarter. Analysts had been expecting $559.2 million. Yahoo Finance's Akiko Fujita and Josh Lipton break down the real estate company's quarterly results. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich.
Zillow Group stock was down 7.6% in after-hours trading, after the company’s first quarter revenue beat estimates with increases across its business segments. Blame a difficult environment for first-time home buyers, the company said in a letter to shareholders along with its earnings report. Zillow reported a net loss of $23 million in the quarter ended March 31, higher than the $22 million loss in the same quarter last year but narrower than the estimated loss of $34 million.
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