Key PointsAfter a 12% decline following first quarter 2024 earnings results, Zillow stock could now be a dip-buying opportunity for those with enough vision. Beating expectations came thanks to management's pivot to rentals, helping the company navigate tight real estate markets.NAR commission changes could be cleansing to keep the customer experience top-notch at Zillow.5 stocks we like better than Jefferies Financial GroupAfter reporting its first quarter 2024 earnings results, arguably the most important ...

Zillow Group, Inc. (NASDAQ:Z) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Bradley Berning - VP, Strategic Affairs & IR Richard Barton - Co-Founder & CEO Jeremy Wacksman - COO Jeremy Hofmann - CFO Conference Call Participants Bradley Erickson - RBC John Campbell - Stephens Ronald Josey - Citigroup Mark Mahaney - Evercore ISI Ryan McKeveny - Zelman & Associates Chris Kuntarich - UBS Dae Lee - JP Morgan Operator Good afternoon. My name is Elliot. I'll be your conference operato ...

Zillow (Z) came out with quarterly earnings of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate website operator would post earnings of $0.12 per share when it actually produced earnings of $0.20, delivering a surprise of 66.67%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Zillow, which belongs ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q _____________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36853 ZILLOW GROUP, INC. (Exact name of registrant as specified in ...

Exhibit 99.2 ZILLOW GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except share data, which are presented in thousands, and per share data, unaudited) | | | | Three Months Ended | | | --- | --- | --- | --- | --- | | | | | March 31, | | | | | 2024 | | 2023 | | Revenue | $ | 529 | $ | 469 | | Cost of revenue (1) | | 123 | | 92 | | Gross profit | | 406 | | 377 | | Operating expenses: | | | | | | Sales and marketing (1) | | 166 | | 156 | | Technology and development (1) | | 147 | | 13 ...

New Zillow study sheds light on racial disparities in rent affordability as well as a nationwide shortfall in housing assistance BIPOC households in the U.S. typically spend 34% of their income on rent compared to 29% for the typical white renter household. Roughly 19 million U.S. households qualify for housing choice vouchers based on their income, but only 2.4 million vouchers are available. Zillow recently launched a new listing feature that helps inform renters of their rights and how to report source-o ...

Although fair housing laws — which ensure equal and nondiscriminatory access to housing — have been in place for nearly 60 years, discrimination remains a stubborn factor in housing, Zillow's latest Housing Aspirations Report shows. The survey found a majority of respondents (57%) reported experiencing some kind of housing discrimination, with groups such as LGBTQ+ populations reporting discrimination at higher rates. However, overall, only 42% of respondents reported that fair housing impacts them or the ...

"The introduction of Showcase listings on Zillow has been a game changer for sellers — it represents the future of property listings on the most visited real estate website in the U.S.," said Zillow Chief Operating Officer Jeremy Wacksman. "And it's quite clear Showcase listings both attract shoppers and help sellers net a higher asking price. In today's spring shopping season, well-marketed and well-priced homes move quickly, and Showcase is helping to do just that." As the selling season gets into full sw ...

Inventory and rate lock are deciding factors in market competition this spring Competition is stiff for attractive listings; homes that sold in March did so in just 13 days.  Seasonal home value growth is fastest in the most expensive major metros — all West Coast tech hubs. More than 1 in 5 sellers cut prices in March, the highest share in more than a decade. SEATTLE, April 15, 2024 /PRNewswire/ -- Those shopping for homes this spring are feeling vastly different levels of market heat depending on where th ...

Zillow (NASDAQ:Z) stock is a hot topic on Wednesday as the real estate platform company’s shares get updated coverage from Jefferies analysts.Jefferies analyst John Colantuoni updated his price target for Z stock from $70 per share to $75 per share. That’s a potential upside of 31.2% over the stock’s prior closing price. It’s also well above the analysts’ consensus price prediction of $58.75 per share.The Jefferies maintained a “buy” rating for Z stock in this latest coverage. That’s a bullish stance next t ...