Zillow Shares Slide 8% as Second-Quarter Profit Outlook Misses Estimates
Zillow shares fell 8% in post-market trading Wednesday after the company's second-quarter profit forecast missed Wall Street expectations, overshadowing first-quarter results that beat estimates. Revenue rose 18% from a year earlier to $708 million, above the $705.33 million analyst estimate, while adjusted earnings per share came in at 53 cents versus the 45-cent consensus.
Zillow guided second-quarter revenue to $750 million to $765 million, roughly in line with the $760.9 million estimate. In the first quarter, net income was $46 million, for-sale revenue increased 12% to $514 million and mortgages revenue jumped 56% to $64 million as purchase loan origination volume rose 96% to $1.5 billion.
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@alphasenseinc$Z Earnings: - Q1 revenue was up 18% year over year to $708 million, near the high end of the company's outlook range. The residential real estate industry grew by 2% in Q1, according to NAR. The company estimates Q1 purchase mortgage orig
@wallstengineZILLOW $Z Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $708M (Est. $705.33M) 🟢; +18% YoY 🔹 Adj. EPS: $0.53 (Est. $0.45) 🟢 Q2 Guide: 🔹 Revenue: $750M-$765M (Est. $760.9M) 🟡 Segment Performance: 🔹 Residential Revenue: $450M; +8% YoY 🔹 Mortgages Re
@businessZillow shares dropped 8% in post-market trading on Wednesday after the company’s second-quarter profit forecast missed Wall Street expectations, overshadowing upbeat results for the first quarter of the year