Company Overview - Zillow Group (ZG) shares increased by 8.7% to close at $64.96, following a notable trading volume, contrasting with a 12.7% loss over the past four weeks [1] - The company is experiencing strong demand trends in the residential and rental markets, supported by advanced technology and new features [2] Technology and Innovation - Zillow is leveraging AI technology, planning to introduce several advancements in 2025, focusing on enhancing visual and multimodal capabilities [2] - Generative AI will provide home shoppers with insights on financing and help real estate agents engage with potential customers [2] Financial Performance Expectations - The upcoming quarterly earnings report is expected to show earnings of $0.47 per share, reflecting a year-over-year increase of 30.6%, with revenues projected at $588.55 million, up 11.3% from the previous year [3] - The consensus EPS estimate for Zillow has remained unchanged over the last 30 days, indicating stability in earnings expectations [4] Industry Context - Zillow operates within the Zacks Financial - Mortgage & Related Services industry, where Walker & Dunlop (WD) also operates, having closed 6.5% higher recently [4] - Walker & Dunlop's EPS estimate for the upcoming report is $0.98, representing a 17.7% decrease from the previous year, while it holds a Zacks Rank of 1 (Strong Buy) [5]
Zillow (ZG) Surges 8.7%: Is This an Indication of Further Gains?