We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gear Up for Zillow (ZG) Q3 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Zillow Group (ZG - Free Report) is expected to reveal quarterly earnings of $0.32 per share, indicating a decline of 3% compared to the year-ago period. Analysts forecast revenues of $555.71 million, representing an increase of 12% year over year.
The current level reflects a downward revision of 8.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Zillow metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenue- Residential' to come in at $385.32 million. The estimate indicates a year-over-year change of +6.4%.
Based on the collective assessment of analysts, 'Revenue- Other' should arrive at $12.15 million. The estimate points to a change of +10.5% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Rentals' will reach $124.38 million. The estimate indicates a change of +25.6% from the prior-year quarter.
It is projected by analysts that the 'Mobile Applications and Websites - Average Monthly Unique Users' will reach 231.48 million. The estimate compares to the year-ago value of 224 million.
Analysts forecast 'Mobile Applications and Websites - Visits' to reach 2.63 billion. The estimate is in contrast to the year-ago figure of 2.6 billion.
Over the past month, Zillow shares have recorded returns of -5.5% versus the Zacks S&P 500 composite's +0.4% change. Based on its Zacks Rank #2 (Buy), ZG will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gear Up for Zillow (ZG) Q3 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Zillow Group (ZG - Free Report) is expected to reveal quarterly earnings of $0.32 per share, indicating a decline of 3% compared to the year-ago period. Analysts forecast revenues of $555.71 million, representing an increase of 12% year over year.
The current level reflects a downward revision of 8.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Zillow metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenue- Residential' to come in at $385.32 million. The estimate indicates a year-over-year change of +6.4%.
Based on the collective assessment of analysts, 'Revenue- Other' should arrive at $12.15 million. The estimate points to a change of +10.5% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Rentals' will reach $124.38 million. The estimate indicates a change of +25.6% from the prior-year quarter.
It is projected by analysts that the 'Mobile Applications and Websites - Average Monthly Unique Users' will reach 231.48 million. The estimate compares to the year-ago value of 224 million.
Analysts forecast 'Mobile Applications and Websites - Visits' to reach 2.63 billion. The estimate is in contrast to the year-ago figure of 2.6 billion.
View all Key Company Metrics for Zillow here>>>
Over the past month, Zillow shares have recorded returns of -5.5% versus the Zacks S&P 500 composite's +0.4% change. Based on its Zacks Rank #2 (Buy), ZG will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>