- Zillow’s total revenue for Q2 was $655 million, surpassing analysts’ estimates of $647.4 million.
- Residential revenue reached $434 million, higher than the estimated $429.1 million.
- Revenue from rentals was slightly below expectations, at $159 million compared to the anticipated $159.7 million.
- Mortgage revenue significantly beat estimates, bringing in $48 million, while the estimate was $44.5 million.
- Other sources of revenue generated $14 million, exceeding the forecast of $13.1 million.
- Zillow reported an adjusted EBITDA of $155 million, outperforming the forecasted $152.5 million.
- The platform attracted an average of 243 million unique monthly visitors, far exceeding the expected 218.76 million.
- Total visits amounted to 2.6 billion, surpassing the anticipated 2.55 billion.
- Zillow CEO Jeremy Wacksman attributed the success to the company’s strong strategy and effective execution.
- Analyst ratings for Zillow include 11 buys, 10 holds, and 2 sells.
A look at Zillow Group Inc A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Zillow Group Inc A appears to have a positive long-term outlook. With high scores in Growth and Momentum, the company seems well-positioned for future expansion and market performance. Their strong focus on growth suggests a potential for increasing market share and profitability over time. Additionally, a solid score in Resilience indicates the company’s ability to withstand market challenges and adapt to changing conditions. While the Value score is moderate, Zillow Group Inc A‘s overall Smart Scores paint a promising picture for its future prospects.
Zillow Group, Inc. is an e-commerce services provider that offers information on homes, real estate listings, and mortgages via their online platform and mobile apps. Catering to a wide range of users including homeowners, buyers, sellers, renters, and real estate professionals across the United States, Zillow Group Inc A continues to strengthen its presence in the real estate market. With strong scores in Growth and Momentum, the company is poised for potential growth and market success in the coming years, supported by its resilient business model.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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