Zillow Gr Q1 2024 Adj EPS $0.36 Beats $0.32 Estimate, Sales $529.000M Beat $508.651M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zillow Group (ZG) reported Q1 2024 adjusted EPS of $0.36, surpassing the $0.32 estimate, with sales of $529M also beating the $508.651M estimate. This represents a year-over-year earnings increase of 2.86% and a sales increase of 12.79%.
May 01, 2024 | 8:41 pm
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Zillow Group reported a Q1 2024 adjusted EPS of $0.36, beating estimates, with sales of $529M also exceeding expectations, indicating strong financial performance.
Zillow Group's reported earnings and sales not only surpassed analyst expectations but also showed significant year-over-year growth. This positive financial performance, especially in exceeding both EPS and sales estimates, is likely to instill investor confidence and could lead to a short-term positive impact on ZG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100