Zillow Group, Inc. (ZG) (Z) Tops Q1 EPS by 6c; Raises Outlook

Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) reported Q1 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $245.8 million versus the consensus estimate of $236.03 million.

“Zillow Group’s strong first quarter performance across the board was a tremendous start to 2017,” said Zillow Group CEO Spencer Rascoff. “We beat our own expectations and surpassed last year’s seasonal annual traffic peak by reaching an all-time high of unique users in March. We are thrilled with our first quarter results, which demonstrate that as consumers become more engaged, real estate agents and brokerages become more successful on our platform.”

GUIDANCE:

Zillow Group, Inc. sees FY2017 revenue of $1.05-1.065 million, versus the consensus of $1.04 million.

For earnings history and earnings-related data on Zillow Group, Inc. (ZG) click here.

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