From Financial Modeling Prep: 2024-11-07 07:19:00

Zillow Group (NASDAQ:Z) stock surged over 14% in pre-market after beating analyst forecasts for Q3 earnings. Adjusted EPS was $0.35, higher than the expected $0.26, with revenue hitting $581 million, surpassing estimates of $555.41 million, marking a 17% YoY increase.

Strong results were driven by growth in all business segments. Residential revenue rose 12% to $405 million, Rentals revenue increased by 24% to $123 million, and Mortgages segment surged 63% to $39 million, highlighting Zillow’s expansion in real estate services.

Zillow’s fourth-quarter revenue guidance falls between $525 million and $540 million, in line with the consensus estimate of $532.4 million. The company’s strategic growth across real estate services is reflected in its strong financial performance.



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