Zillow (Z) Boosts FY Revenue Forecast
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May 8, 2014 9:37 AM EDT
Goldman Sachs maintained a Neutral rating on Zillow (NASDAQ: Z) and raised its price target to $105.00 (from $76.00). The change follows Q1 results.
Analyst Heath P. Terry said, "Zillow reported 1Q revenue of $66.2mn (+70% yoy vs. +70% in 4Q), compared to our estimate of $65mn... More
May 8, 2014 7:30 AM EDT
SunTrust Robinson Humphrey analyst Robert Peck lifted his price target on Buy-rated Zillow (NASDAQ: Z) to $110.00 (from $100.00) following strong Q1 results.
Peck commented, "Zillow reported a strong Q1 that was solid across all metrics, including: premier agents, UVs, real estate revenues, mortgage... More
May 7, 2014 4:31 PM EDT
Zillow, Inc. (NASDAQ: Z) reported Q1 EPS of $0.02, $0.10 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $66.2 million versus the consensus estimate of $63.21 million.
Operating and Business Highlights
Zillow continues to grow its audience and increase its market share. Average monthly unique users during the first quarter of 2014 reached a record 70.7 million, up 51% year-over-year. Traffic to Zillow on mobile and Web peaked in the quarter in March with nearly 77 million unique users, and April was another record with nearly 79 million monthly unique users, an increase of...
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