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Zillow Group, Inc. Message Board

  • hogdad999 hogdad999 Nov 8, 2012 5:50 PM Flag

    Where does this thing turn around realistically? There were'nt too far off in guidance were they? Jesus H.

    This thing used to pop to 39-40 all day long. Now what it's worth 10 bucks 2 weeks later. Was it all make-believe?

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    • If the question in your title refers to past guidance relative to the quarter's results, you may be correct about not being "too far off." But any miss is not good -- especially when the Street has in its back pocket an expectation of an upside surprise. But, again, the real difficulty lies with the forward guidance that the company gave in its conference call, especially with respect to the slowdown in the growth rate of revenues and the prospects for margin squeeze because of more rapid growth of certain development expenses (eased somewhat by a tight reign on G&A costs).

 
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