Zillow Group, Inc. (ZG) Misses Q1 EPS by 4c, Sales Beat; Issues Sales Guidance Above the Street

Zillow Group, Inc. (NASDAQ: ZG) reported Q1 EPS of ($0.13), $0.04 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $186 million versus the consensus estimate of $176.66 million.

“We are off to an incredible start in 2016,” said Zillow Group CEO Spencer Rascoff. “We expected to accelerate revenue growth during the year, and we are already seeing this with only one quarter on the books. Growth across our brands continues to be strong, with Zillow Group as a whole seeing a record number of unique users in March. This will be an exciting year for Zillow Group.”

GUIDANCE:

Zillow Group, Inc. sees Q2 2016 revenue of $203-208 million, versus the consensus of $193.35 million.

Zillow Group, Inc. sees FY2016 revenue of $825-835 million, versus the consensus of $806.5 million.

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

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