Zillow Gr Q2 2024 Adj. EPS $0.39 Beats $0.27 Estimate, Sales $572.000M Beat $537.588M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zillow Group (NASDAQ:Z) reported Q2 2024 adjusted EPS of $0.39, beating the estimate of $0.27 by 44.44%. Sales were $572 million, surpassing the $537.588 million estimate and marking a 13.04% increase from the same period last year.
August 07, 2024 | 8:13 pm
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Zillow Group reported strong Q2 2024 earnings, with EPS of $0.39 beating estimates by 44.44% and sales of $572 million exceeding expectations by 6.40%. Sales increased by 13.04% year-over-year.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, suggests strong financial performance and positive investor sentiment. This is likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100