Core Viewpoint - Zillow Group (ZG) is expected to report quarterly earnings of $0.44 per share, reflecting a year-over-year increase of 12.8%, with revenues projected at $646.56 million, a 13% increase compared to the previous year [1]. Group 1: Earnings and Revenue Estimates - Analysts have not revised the consensus EPS estimate for the quarter in the last 30 days, indicating stability in their forecasts [2]. - The importance of earnings estimate revisions is highlighted as a significant predictor of investor actions and stock price performance [3]. - Consensus estimates for Zillow's revenue segments include: - 'Revenue- Mortgages' at $44.39 million, a year-over-year increase of 30.6% [5]. - 'Revenue- Residential' estimated at $429.91 million, reflecting a 5.1% increase from the previous year [5]. - 'Revenue- Other' projected at $13.79 million, indicating a 14.9% year-over-year change [5]. - 'Revenue- Rentals' expected to reach $159.51 million, a 36.3% increase from the year-ago quarter [6]. Group 2: User Engagement Metrics - Analysts predict 'Mobile Applications and Websites - Average Monthly Unique Users' to be 243.97 million, up from 231.00 million year-over-year [6]. - 'Mobile Applications and Websites - Visits' are projected to reach 2.51 billion, slightly up from 2.50 billion in the same quarter last year [7]. Group 3: Stock Performance - Zillow shares have increased by 14.1% over the past month, outperforming the Zacks S&P 500 composite, which saw a 1% increase [7]. - Zillow holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [7].
Seeking Clues to Zillow (ZG) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics