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Zillow Group Class C (Z)
NASDAQ:Z
Holding Z?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
$0.2Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 31.37%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
Zillow's Q3 2024 earnings call reflects a strong performance with significant revenue growth across key segments like Rentals and Mortgages, successful expansion of Enhanced Markets, and continued improvements in digital tools. Despite these achievements, the company reported a GAAP net loss and a decrease in cash due to debt settlement. Overall, the call indicates a positive outlook with robust growth strategies in place.Company Guidance
During Zillow Group's Q3 2024 earnings call, the company reported a 17% year-over-year revenue growth to $581 million, exceeding their revenue outlook. This growth was driven by a 12% increase in Residential revenue to $405 million, a 24% rise in Rentals revenue to $123 million, and a 63% surge in Mortgages revenue to $39 million. The company highlighted significant achievements, including a 38% year-over-year growth in multifamily rentals revenue and an 80% increase in purchase loan origination volume. Zillow also reported an average of 233 million monthly unique users across its platforms and shared a strategy to increase customer transaction share to 6% by the end of 2025. The company continues to focus on product innovations, such as the Zillow Showcase, which is now on nearly 1.5% of new for-sale listings nationwide, and emphasized the benefits of their Enhanced Markets strategy, which has doubled market share in the four oldest markets since early 2023. Looking ahead, Zillow anticipates a Q4 revenue of $525 million to $540 million, with an expected EBITDA margin expansion and continued investment in their Rentals marketplace.Robust Revenue Growth
Zillow reported total revenue of $581 million in Q3 2024, up 17% year-over-year, exceeding their revenue outlook and outperforming the residential real estate industry.
Strong Performance in Rentals
Rentals revenue grew 24% year-over-year to $123 million, with multifamily rentals revenue up 38% due to growth in multifamily property count.
Significant Growth in Mortgages
Mortgages revenue increased by 63% year-over-year to $39 million, with purchase loan origination volume up 80%.
Expansion of Enhanced Markets
Zillow has rolled out 43 Enhanced Markets, surpassing their goal of 40 by the end of 2024, and is seeing significant share growth in these areas.
Improved Digital Tools and Integration
Introduction of new features like in-app messaging and enhanced client insights, with Follow Up Boss managing 80% of Enhanced Market connections.
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Z Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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Z Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $58.68 | $72.63 | +23.77% |
| Aug 07, 2024 | $41.77 | $49.40 | +18.27% |
| May 01, 2024 | $41.89 | $39.84 | -4.89% |
| Feb 13, 2024 | $53.88 | $58.06 | +7.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Zillow Group Class C (Z) report earnings?
Zillow Group Class C (Z) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Zillow Group Class C (Z) earnings time?
Zillow Group Class C (Z) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is Z EPS forecast?
Z EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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