Earnings Alerts

Zillow Group Inc A (ZG) Earnings Exceed Expectations with 3Q Revenue Beat

By November 2, 2023 No Comments
  • Zillow’s 3Q revenue surpassed estimates, reaching $496 million against the estimated $480.8 million.
  • The revenue for the Mortgages segment was slightly below the estimate at $24 million, compared to the estimated $24.5 million.
  • The average monthly unique visitors were lower than expected, with 224 million visitors against the estimated 237.62 million.
  • Visits also fell short of estimates, with 2.6 billion visits compared to the estimated 2.71 billion.
  • Zillow’s adjusted Ebitda was higher than expected, coming in at $107 million against the estimated $86.2 million.
  • On the stock market, there were 12 buys, 10 holds, and 1 sell.

A look at Zillow Group Inc A Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Zillow Group Inc A has a long-term outlook that looks promising. The company is rated highly on value, growth, resilience, and momentum, receiving scores of 3, 4, 4, and 3 respectively. Zillow Group Inc A is a e-commerce services provider that offers information about homes, real estate listings, and mortgages. They serve homeowners, buyers, sellers, renters, and real estate professionals in the United States.

The company has been rated highly in value, growth, resilience, and momentum, which indicates that the long-term outlook for the company is positive. Zillow Group Inc A has a strong focus on providing quality services and products that will help their customers find the best real estate solutions. Despite not having a strong dividend score, the company’s other scores suggest that they are well-positioned for long-term success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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