Zillow (Z) Q3 Earnings Details May Show Strength in Mortgages
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Price: $35.72 -2.35%
Rating Summary:
17 Buy, 15 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
17 Buy, 15 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Analysts at Canaccord Genuity believe Zillow (NASDAQ: Z) will disclose “Premier Agent ARPU” on Q3 earnings, allowing investors to more accurately back out Mortgage revenue from the Marketplaces segment.
"We expect expanded disclosures to reveal strength in mortgages, pointing to higher estimates and probably a good entry point," said analyst Michael Graham.
"Our fresh look at various penetration levels reinforces our belief that Zillow is in the early stages of penetrating this market. We see significant headroom for key drivers with the possible exception of unique visitors, though we note this should not be a revenuelimiting factor," he said.
Canaccord Genuity has a Buy rating on Zillow (NASDAQ: Z) with a price target of $50.00.
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $37.82 yesterday.
"We expect expanded disclosures to reveal strength in mortgages, pointing to higher estimates and probably a good entry point," said analyst Michael Graham.
"Our fresh look at various penetration levels reinforces our belief that Zillow is in the early stages of penetrating this market. We see significant headroom for key drivers with the possible exception of unique visitors, though we note this should not be a revenuelimiting factor," he said.
Canaccord Genuity has a Buy rating on Zillow (NASDAQ: Z) with a price target of $50.00.
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $37.82 yesterday.
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