Zillow's solid third-quarter results impressed investors.Shares of Zillow Group (Z 1.67%) (ZG 1.70%), the online real estate platform, rose sharply this week after the company reported better-than-expected third-quarter results (which ended Sept. 30).Zillow's share price was up by 23%, as of this writing, adding to the company's phenomenal gains of 94% over the past 12 months.Solid quarter, despite a difficult housing market The housing market has been stymied recently thanks to high mortgage rates and risi ...

The online real estate platform posted strong third-quarter results.Shares of Zillow (Z 23.77%) (ZG 24.98%) were surging today after the online real estate platform delivered strong results and showed growth across several verticals.The stock closed up 23.8% on the news. Zillow looks strong across the boardOverall revenue at Zillow rose 17% to $581 million, beating the midpoint of the company's guidance at $553 million and the consensus at $554.7 million.Growth was broad based as residential revenue was up ...

Zillow Group, Inc. Z shares are trading higher. The company reported earnings and investors positively reacted. Estimates for the earnings were 29 cents and came in at 35 cents. Revenue was $581 million versus estimates of $555 million.Our team of technical analysts made Zillow our Stock of the Day because it illustrates a common dynamic in the market that savvy traders use to profit.As you can see on the chart, in February and early March levels around $58.50 were resistance for the stock. In September thi ...

Zillow Group, Inc. (NASDAQ:Z) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Bradley Berning - VP, Strategic Affairs & IR Richard Barton - Co-Founder & CEO Jeremy Wacksman - COO Jeremy Hofmann - CFO Conference Call Participants John Colantuoni - Jefferies Bradley Erickson - RBC Ronald Josey - Citigroup Mark Mahaney - Evercore ISI Nicholas Jones - Citizens JMP Chris Kuntarich - UBS Michael Ng - Goldman Sachs John Campbell - Stephens Ryan McKeveny - Zelman & Associates Opera ...

Zillow (Z) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.38%. A quarter ago, it was expected that this real estate website operator would post earnings of $0.31 per share when it actually produced earnings of $0.39, delivering a surprise of 25.81%.Over the last four quarters, the ...

Financial Performance - Revenue for the three months ended September 30, 2024, was $581 million, an increase of 17.1% compared to $496 million for the same period in 2023[16]. - Gross profit for the three months ended September 30, 2024, was $441 million, up 14.3% from $386 million in the prior year[16]. - Total operating expenses for the three months ended September 30, 2024, were $486 million, a rise of 10.7% from $439 million in the same quarter of 2023[16]. - Net loss for the three months ended September 30, 2024, was $20 million, compared to a net loss of $28 million for the same period in 2023, reflecting a 28.6% improvement[16]. - Comprehensive loss for the nine months ended September 30, 2024, was $51 million, compared to a loss of $91 million for the same period in 2023[18]. - Adjusted EBITDA for the three months ended September 30, 2024, was $127 million, a 19% increase from $107 million in the same period of 2023[149]. - Net loss for the nine months ended September 30, 2024, was $(60) million, compared to $(85) million for the same period in 2023, reflecting a 29% improvement[149]. Cash and Assets - Cash and cash equivalents decreased to $1,072 million as of September 30, 2024, from $1,492 million at the end of 2023, a decline of 28.1%[15]. - Total assets as of September 30, 2024, were $6,159 million, down from $6,652 million at the end of 2023, representing a decrease of 7.4%[15]. - Total liabilities decreased to $1,503 million as of September 30, 2024, from $2,126 million at the end of 2023, a reduction of 29.3%[15]. - Total shareholders' equity increased to $4,656 million as of September 30, 2024, up from $4,529 million at the end of September 2023[21]. - Cash, cash equivalents, and restricted cash at the end of the period were $1,075 million, down from $1,849 million at the end of the previous year[27]. - As of September 30, 2024, total assets measured at fair value amounted to $2,172 million, a decrease from $2,818 million in December 2023[52]. Debt and Financing - As of September 30, 2024, total debt for Zillow Group was $1,063 million, down from $1,700 million on December 31, 2023, representing a decrease of approximately 37.4%[71]. - The carrying value of convertible senior notes decreased from $1,607 million on December 31, 2023, to $915 million as of September 30, 2024, indicating a reduction of approximately 43%[71]. - The company repurchased $88 million in aggregate principal amount of the 2025 Notes for $89 million in cash during the nine months ended September 30, 2024, resulting in a loss on extinguishment of debt of $1 million[80]. - The company has authorized the repurchase of up to $2.5 billion of Class A common stock and Class C capital stock, with $381 million remaining available for future repurchases as of September 30, 2024[85][86]. - The company expects to redeem the remaining $499 million in aggregate principal amount of the 2026 Notes on December 18, 2024[81]. Revenue Breakdown - Residential revenue increased by $43 million, or 12%, to $405 million, driven by higher residential revenue per visit and an increase in the number of visits[122]. - Rentals revenue increased by $24 million, or 24%, to $123 million, driven by a 20% increase in average monthly rentals unique visitors to 36 million[143]. - Mortgages revenue increased by $15 million, or 63%, to $39 million, attributed to an increase in mortgage originations revenue[143]. - Total loan origination volume increased by 79% to $819 million for the three months ended September 30, 2024, compared to $457 million in the same period in 2023[138]. Operational Highlights - The company continues to focus on innovation and market expansion, aiming to enhance customer engagement and partnerships in the real estate sector[8]. - Zillow Group's mortgage origination business, Zillow Home Loans, is a key focus for growth and requires sufficient financing to operate effectively[32]. - The company is committed to enhancing its marketing software and technology solutions for the real estate industry[31]. - The health of the housing market is influenced by low inventory, mortgage interest rate volatility, and inflationary conditions[114]. Employee and Market Metrics - Zillow Group had 6,835 employees as of September 30, 2024, compared to 6,263 employees as of December 31, 2023[113]. - Average monthly unique users increased by 1% to 233 million for the three months ended September 30, 2024, from 230 million in the same period in 2023[136]. - The number of visits to mobile applications and websites increased by 3% to 2,440 million for the three months ended September 30, 2024, from 2,366 million in the same period in 2023[130]. Acquisitions - Zillow Group acquired Follow Up Boss for $399 million in cash, with contingent consideration of up to $100 million based on performance metrics[43]. - The total preliminary purchase price for Follow Up Boss was allocated as follows: $4 million in cash, $402 million in goodwill, and $86 million in intangible assets[59]. - The total preliminary purchase price for the acquisition of Aryeo was $35 million, including cash and stock[63]. Legal and Regulatory Matters - The company is involved in ongoing legal proceedings, including a patent infringement case filed by IBM, with no material accruals recorded as of September 30, 2024[96]. - The company is subject to various risks, including economic conditions, interest rates, and regulatory changes, which may impact future performance[32].

Exhibit 99.2 Reported Consolidated Results | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|----------------------|-------|---------------------| | Assets | | September 30, 2024 | | December 31, 2023 | | Current assets: | | | | | | Cash and cash equivalents | $ | 1,072 | $ | 1,492 | | Short-term investments | | 1,101 | | 1,318 | | Accounts receivable, net | | 117 | | 96 | | Mortgage loans held for sale | | 164 | | 100 | | Prepaid expenses and other curr ...

Shares of real estate stocks seem to be on thin ice right now, but there are signs of a potential recovery coming first to those at the top of the value chain. While real estate investment trusts (REITs) see their prices underperform the S&P 500, investors will be surprised to see that they will be among the last to see a recovery. Zillow Group TodayZZillow Group$59.68 +1.36 (+2.33%) 52-Week Range$33.80▼$68.73Price Target$70.33Add to WatchlistThis is because the real estate services names could be first in ...

(Z)-endoxifen at 10 mg once daily met the primary endpoint with 19/20 (95%) receiving > 75 % of planned treatment in I-SPY-2 Phase 2 Trial Low dose (Z)-endoxifen was well tolerated and demonstrated promising rapid activity in reducing 3-wk Ki-67 and FTV Biomarkers SEATTLE, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Atossa Therapeutics, Inc. (Nasdaq: ATOS) ("Atossa" or the "Company"), today released a preliminary analysis from a phase 2 trial of (Z)-endoxifen as part of the I-SPY 2 Endocrine Optimization Pilot (EOP) ...

Zillow (Z) has been beaten down lately with too much selling pressure. While the stock has lost 9.8% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measure ...