As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including eXp World (NASDAQ:EXPI) and its peers.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including Zillow (NASDAQ:ZG) and its peers.
Zillow shares are trading higher by 3.9% during Thursday's session. Shares of real estate and broker stocks are trading higher following strong February existing home sales data.
While the broader market has struggled with the S&P 500 down 1% since September 2024, Zillow has surged ahead as its stock price has climbed by 20.2% to $69.50 per share. This performance may have investors wondering how to approach the situation.
Rocket Companies announces it will acquire Redfin in a $1.75 billion deal to bring homebuyers an end-to-end, online real estate solution from browsing listings to securing a mortgage.
Real estate brokerage and services firm Marcus & Millichap (NYSE:MMI)
will be announcing earnings results tomorrow before market hours. Here’s what to expect.
Shares of online real estate marketplace Zillow (NASDAQ:ZG)
fell 14.9% in the morning session after the company reported disappointing fourth-quarter quarterly results as it provided quarterly guidance for sales and EBITDA below Wall Street's expectations.
Online real estate marketplace Zillow (NASDAQ:ZG) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 16.9% year on year to $554 million. On the other hand, next quarter’s revenue guidance of $582.5 million was less impressive, coming in 2.9% below analysts’ estimates. Its non-GAAP profit of $0.27 per share was in line with analysts’ consensus estimates.
