Zillow Gr Q3 Adj $0.33 Beats $0.23 Estimate, Sales $496.00M Beat $480.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zillow Gr (NASDAQ:Z) reported Q3 earnings of $0.33 per share, beating the analyst consensus estimate of $0.23 by 43.48%. This is a 13.16% decrease from the same period last year. The company also reported quarterly sales of $496.00 million, beating the analyst consensus estimate of $480.30 million by 3.27%. This is a 2.69% increase from the same period last year.
November 01, 2023 | 8:42 pm
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POSITIVE IMPACT
Zillow Gr's Q3 earnings and sales beat analyst estimates, despite a YoY decrease in earnings. This could potentially boost investor confidence.
Zillow Gr's Q3 earnings and sales exceeded analyst estimates, which is generally a positive signal to investors. However, the YoY decrease in earnings might be a concern for some investors. Overall, the news is likely to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100