Why Zillow Stock Is Trading Higher Thursday
Portfolio Pulse from Dylan Berman
Zillow Group, Inc. (NASDAQ:Z) stock surged 19.8% after reporting better-than-expected Q2 earnings. The company posted an adjusted EPS of 39 cents, beating the 27 cents estimate, and sales of $572 million, surpassing the $537.58 million estimate. Zillow also announced the promotion of Jeremy Wacksman to CEO.
August 08, 2024 | 6:26 pm
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Zillow Group, Inc. (NASDAQ:Z) reported strong Q2 earnings, with adjusted EPS of 39 cents and sales of $572 million, both beating analyst estimates. The company also promoted Jeremy Wacksman to CEO.
The strong earnings report, exceeding both EPS and sales estimates, along with the promotion of a new CEO, has positively impacted investor sentiment, leading to a significant stock price increase.
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