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Zillow Group (ZG) reported $572 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 13%. EPS of $0.39 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $539.75 million, representing a surprise of +5.98%. The company delivered an EPS surprise of +25.81%, with the consensus EPS estimate being $0.31.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Zillow performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Mobile Applications and Websites - Average Monthly Unique Users
: 231 million compared to the 236.97 million average estimate based on two analysts.
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Mobile Applications and Websites - Visits
: 2.5 billion versus 2.64 billion estimated by two analysts on average.
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Revenue- Mortgages
: $34 million compared to the $30.58 million average estimate based on five analysts.
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Revenue- Other
: $12 million versus the four-analyst average estimate of $11.50 million.
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Revenue- Residential
: $409 million compared to the $390.40 million average estimate based on four analysts.
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Revenue- Rentals
: $117 million compared to the $115.04 million average estimate based on four analysts.
View all Key Company Metrics for Zillow here>>>
Shares of Zillow have returned -10.9% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Zillow Group, Inc. (ZG) : Free Stock Analysis Report