Zillow Inc. Earnings: Swinging to a Profit
Zillow Inc. (NASDAQ:Z) reported its results for the first quarter.
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Zillow Earnings Cheat Sheet for the First Quarter
Results: Reported a profit of $1.7 million (6 cents per diluted share) in the quarter. Zillow Inc. had a net loss of $826,000 or a loss 6 cents per share in the year-earlier quarter.
Revenue: Rose more than twofold to $22.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Zillow Inc. was about in line with expectations as the mean analyst estimate was breaking even.
The company has now topped analyst estimates for the last three quarters. It beat the mark by 6 cents in the fourth quarter of the last fiscal year and by 4 cents in the third quarter of the last fiscal year.
Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the second quarter has moved up from 2 cents a share to 4 cents over the last thirty days. For the fiscal year, the average estimate has moved down from 25 cents a share to 13 cents over the last ninety days.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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