Zillow Group Expects Q2 Total Revenue Of $525M-$540M, Est $558.85M
Portfolio Pulse from Benzinga Newsdesk
Zillow Group has projected its Q2 total revenue to be between $525 million and $540 million, which is below the estimated $558.85 million.
May 01, 2024 | 9:25 pm
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NEGATIVE IMPACT
Zillow Group's Q2 revenue projection falls below market expectations, indicating potential short-term pressure on its stock price.
Zillow Group's announcement of a lower-than-expected revenue forecast for Q2 could lead to negative investor sentiment and a potential decrease in its stock price in the short term. Investors often react to earnings forecasts as indicators of a company's future performance, and a projection below market expectations can result in stock price volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100