34.85 +0.02 (0.06%)
After hours: 7:54PM EST
|Bid||34.84 x 1000|
|Ask||35.06 x 1300|
|Day's Range||34.79 - 37.39|
|52 Week Range||26.38 - 65.70|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.67|
Zillow and Trulia are industry leaders in the real estate industry, but alternatives do exist. Learn about other companies to help you find your new home.
Zillow Group Inc (NASDAQ: ZG ) started a new business unit called Home , which actively buys homes with the purpose of remodeling them and flipping the home for a profit. The Analyst Guggenheim Partners' ...
Zillow Group (NASDAQ:Z, NASDAQ:ZG) heads into a key earnings report on Thursday afternoon. The Zillow stock price has rallied nicely from December lows, rising some 37%. But ZG stock has also plunged after its last two earnings reports. ZG went from $64 in July to $26 in December before the recent rally.Source: Shutterstock The rising Zillow stock price implies rising expectations ahead of earnings. That looks potentially dangerous, since there's no shortage of worries surrounding ZG stock at the moment. U.S. housing market growth has slowed, leading to declines in several housing-related stocks. Those worries are amplified by Zillow's move into what looks like house flipping.And ZG stock is hardly cheap: even backing out net cash, the stock trades at 3.5x 2019 revenue estimates and around 100x consensus EPS.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe combination of rising risks and a rising stock price sets up a hugely important earnings report. Zillow Group has a chance to change the narrative surrounding itself -- and to drive a big spike in the Zillow stock price. But if the outlook for 2019 disappoints, it will take a long time before it recovers from a third straight earnings miss. Zillow Earnings ExpectationsZillow itself is projecting a strong fourth quarter. Guidance given with the Q3 earnings report did disappoint, leading to a decline in the Zillow stock price. But the company still should post strong revenue growth, with guidance suggesting a 20%-26% increase year-over-year. Street consensus sits toward the middle of the range, at 24%.Where Zillow has some room for an upside surprise is on the bottom line. Guidance is for Adjusted EBITDA of just $26 million-$38 million -- down sharply from $71 million the year before. In the Q3 shareholder update, the company cited higher-than-expected recruitment and retention spend as a key factor. But it's possible, given the low guidance, that Zillow could outperform.There are two more key data points to watch. Zillow will release guidance for full year 2019, which will be closely watched. Analysts are expecting that margin pressure to continue, with 2019 EPS expected to decline year-over-year. If Zillow can project some level of earnings growth next year, that could be enough to spark a post-earnings rally.On the other hand, there's a less-notable figure that could move the market. After Q3, Zillow forecast that it would hold 300 to 550 homes in inventory at the end of the quarter. That inventory will come from the new Zillow Offers program. If that figure is higher than the company expected, it could suggest that the company is struggling to move the houses it has bought. And that alone could spark a sell-off in ZG stock. Explaining The Story Behind ZG StockBeyond the numbers, the fourth-quarter report is an important opportunity for Zillow management to explain its strategy. Zillow Offers clearly has turned off investors so far. The effort will require significant capital, pressure margins and add risk. And as Bloomberg detailed last week, competition is intense, with private firms including Opendoor and Offerpad targeting the market along with publicly traded rival Redfin (NASDAQ:RDFN).The initiative also seems to work at cross-purposes with the existing business. Zillow certainly seems like it's competing with the realtors trying to buy and sell homes through traditional methods. The company insists that's not the case - so far, investors disagree.Overall, there are clear questions about the direction in which Zillow is heading, a key reason ZG stock has struggled. Costs are rising. Premier Agent revenue disappointed in Q3, and Zillow lowered guidance on that front ahead of Q4, with the tighter housing market leading some agents to pull back on their spending. Higher "churn" -- customer losses -- suggests competitive pressure and/or a general dissatisfaction with Zillow's offerings.Particularly with the bounce since December, Zillow stock is not priced for a lack of confidence. It's priced, on an earnings basis at least, like fast-growing, high-flying online players like Wix.com (NASDAQ:WIX), Yelp (NYSE:YELP) and GrubHub (NYSE:GRUB).And so Zillow needs a big report on Thursday simply to keep that valuation intact. That goes beyond simply beating Wall Street expectations. Zillow needs to convince investors that its long-term strategy is worth short-term pain. Numbers alone won't be able to accomplish that.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post Zillow Stock Needs a Huge Earnings Report on Thursday appeared first on InvestorPlace.
Renters in the most expensive markets typically save the most by renting a room in a shared home or apartment, according to HotPads' first Rooms for Rent Index. - The median rent for a single bedroom in ...
Uncertainty in the sales market creates an unusually competitive winter rental season, according to the January 2019 StreetEasy Market Reports(i) NEW YORK , Feb. 20, 2019 /PRNewswire/ -- The rental market ...
Homes listed in the first half of May sell for a premium, and nearly a week faster SEATTLE , Feb. 19, 2019 /PRNewswire/ -- Sellers looking to maximize profits should list their homes for sale in the first ...
, while increasing revenue growth, Walmart has taken a hit to net income. The trend is also true on a diluted earnings per share basis, which declined 25% in fiscal 2018. This is largely thanks to the long-term performance of the company, and the loyalty that comes with it.
Orlando and Palm Beach are two of Florida's most popular destinations, but that doesn't make either of them the best place in the state to buy a home. The top place to buy a home in the Sunshine State: The Crossings, a town of roughly 22,700 in Miami Dade County, that's about 40 minutes away from, and 20 miles south of, Miami.
NEW YORK, Feb. 15, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
SEATTLE, Feb. 14, 2019 /PRNewswire/ -- Zillow® Group, Inc. (NASDAQ:Z) (ZG), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and web, has been named one of the 2019 FORTUNE 100 Best Companies to Work For®, according to global research and consulting firm Great Place to Work® and Fortune. "It's an honor to have earned a place on the Fortune 100 Best Companies to Work For list this year," said Spencer Rascoff, Zillow Group CEO. "Our company's top priority is to develop a best-in-class culture and team. Zillow Group's inclusion on the list is based on survey feedback from employees, who rated their workplace culture, including trust in managers, compensation, fairness, camaraderie and workplace traits linked to innovation.
After almost four years of year-over-year declines, for-sale inventory has grown on an annual basis four out of the past five months, albeit at a slow pace. - U.S. for-sale home inventory increased 1.2 ...
SEATTLE, Feb. 13, 2019 -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile.
Home values in the most-favorited neighborhoods reached as high as six times greater than in their overall metro areas SEATTLE , Feb. 12, 2019 /PRNewswire/ -- According to a Zillow® analysis , home shoppers ...
Seattle-based Zillow Group Inc. (Nasdaq: Z) launched its Zillow Offers platform in Houston Feb. 11. The online real estate company will give sellers a cash offer within a few business days and, once a sale closes, prep the homes for resale after minor renovations. Houston is the first Texas city for Zillow Offers and the seventh in the country, according to a press release.
SEATTLE, Feb. 11, 2019 /PRNewswire/ -- Starting today, home sellers in Houston can use Zillow Offers to request a cash offer from Zillow to buy their home. Zillow Offers reduces the stress and uncertainty that typically goes along with selling a home. Starting today, potential home sellers in the Houston area will be able to request a free, no-obligation cash offer from Zillow to buy their home.
GOBankingRates conducted a study to find "the best place to buy a home in every state based on the quality of the area and value you can expect based on the local housing market" and concluded the top place to buy in New York is Bethlehem, a town in Albany County 150 miles north of New York City.
SEATTLE, Feb. 5, 2019 /PRNewswire/ -- Facebook's IPO led to a wealth boom in the San Francisco Bay Area, and home values grew faster in places where likely Facebook employees lived than in the surrounding region, according to a new Zillow® analysis. Several tech companies with similarly high valuations – including Uber, Lyft, Slack and Airbnb - are expected to go public this year, which could lead to another surge in new tech money in the Bay Area.
Economies and houses are both established on solid foundations, and the relationship between the two means that housing market numbers are part of the daily information diet for investors and traders. The total value of the U.S. housing market in 2018 was $33.3 trillion, up 6.2 percent from 2017, according to Zillow Group. The housing market represents about 15 percent to 18 percent of U.S. GDP, said Lindsey Bell, Investment Strategist at CFRA, citing figures from the National Association of Home Builders.
Only 19 percent of homes sold in the U.S. in December fetched more than their list price, and the rate from November dropped in eight of the nation's top-10 markets - The number of homes that fetched a ...
SEATTLE, Jan. 30, 2019 /PRNewswire/ -- After nearly two years of competition among more than 3,800 teams from 91 countries, today Zillow awarded the $1 million Zillow Prize in the contest to improve the accuracy of the Zestimate. The winning team beat the Zillow benchmark model by approximately 13 percent. The winning team, Team ChaNJestimate, comprises data scientists and engineers from around the world: Chahhou Mohamed of Morocco, Jordan Meyer of the United States, and Nima Shahbazi of Canada.
# Zillow Group Inc ### NASDAQ/NGS:Z View full report here! ## Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is high ## Bearish sentiment Short interest | Negative Short interest is high for Z with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting Z. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding Z totaled $3.41 billion. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
About 3.5 million fewer households can afford a typical home than could in 2012, as home buyer incomes have pulled ahead of homeowner incomes, and remain more than double that of renters. SEATTLE , Jan. ...
CINCINNATI, Jan. 29, 2019 /PRNewswire/ -- Dotloop®, an industry-leading, comprehensive transaction management platform for real estate professionals, today announced an expanded partnership agreement with RE/MAX, a top global real estate franchisor with a growing presence in more than 100 countries and territories. In 2019, RE/MAX will integrate its new CRM platform with dotloop and the integration will be available to all RE/MAX agents in the U.S. and Canada. RE/MAX, which has consistently been recognized on lists of best franchise brands, is dedicated to serving its real estate agents and offices by providing them with the tools to help them become top producers. That's why RE/MAX integrated with dotloop.
Zillow Group Inc Class C (NASDAQ: Z )(NASDAQ: ZG ) traded down 43 percent over the last six months, but one Street expert doesn’t expect the pressure to let up soon. The Rating Raymond James analyst Justin ...