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Zillow Group Inc Class A (DE:0ZG)
FRANKFURT:0ZG
Holding DE:0ZG?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.21Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 15.82%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted Zillow's strong revenue growth across segments, particularly in Rentals and Mortgages, and successful expansion of their Enhanced Markets and Zillow Showcase. However, challenges such as a GAAP net loss and macroeconomic uncertainties were noted. The strong performance and strategic advancements outweigh the challenges.Company Guidance
During Zillow Group's Q3 2024 earnings call, the company reported a notable 17% year-over-year increase in total revenue to $581 million, surpassing their revenue outlook. Residential revenue rose by 12% to $405 million, while Rentals revenue climbed 24% to $123 million, driven by a 38% growth in multifamily rentals. Mortgages revenue experienced significant growth of 63% to $39 million, with purchase loan origination volume up 80% year-over-year. The company also reported an average of 233 million monthly unique users across its ecosystem. Zillow emphasized the success of its Enhanced Markets strategy, with a doubling of market share in its oldest Enhanced Markets. The company maintained a strong cash position of $2.2 billion despite settling $610 million in convertible debt and outlined plans to settle additional convertible notes by Q4. Looking forward, Zillow expects Q4 revenue to grow by 12% year-over-year, with Residential, Rentals, and Mortgages continuing to drive growth, while maintaining strong cost discipline to expand EBITDA margins.Strong Revenue Growth
Zillow reported total revenue of $581 million in Q3, up 17% year-over-year, exceeding their revenue outlook and outperforming the residential real estate industry.
Record Rentals Revenue
Rentals revenue grew 24% year-over-year in Q3 to $123 million, driven primarily by a 38% year-over-year growth in multifamily revenue.
Impressive Mortgage Growth
Q3 revenue for mortgages was $39 million, accelerating to 63% year-over-year growth with purchase loan origination volume up 80% year-over-year.
Enhanced Market Expansion
Zillow has rolled out 43 Enhanced Markets thus far, surpassing their goal of reaching 40 by the end of this year. They expect Enhanced Markets to cover 20% of connections by the end of the year.
Zillow Showcase Success
Zillow Showcase listings are on nearly 1.5% of new for-sale listings nationwide, driving higher engagement and sales prices, with listings selling faster and for more money than similar non-Showcase listings.
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DE:0ZG 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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DE:0ZG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | €57.02 | €59.34 | +4.07% |
| Aug 07, 2024 | €37.11 | €41.16 | +10.91% |
| Feb 13, 2024 | €49.41 | €51.70 | +4.63% |
| Nov 01, 2023 | €33.25 | €32.78 | -1.41% |
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 Inc Class A (DE:0ZG) report earnings?
Zillow Group Inc Class A (DE:0ZG) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Zillow Group Inc Class A (DE:0ZG) earnings time?
Zillow Group Inc Class A (DE:0ZG) 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 the P/E ratio of Zillow Group Inc Class A stock?
The P/E ratio of Zillow Group Class A is N/A.
What is DE:0ZG EPS forecast?
DE:0ZG EPS forecast for the fiscal quarter 2024 (Q4) is 0.21.
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