Zillow Group, Inc. (ZG) Tops Q1 EPS by 1c, Offers Q2 and FY Guidance
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Zillow Group, Inc. (NASDAQ: ZG) reported Q1 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $299.9 million versus the consensus estimate of $299.92 million.
GUIDANCE:
Zillow Group, Inc. sees Q2 2018 revenue of $322-327 million, versus the consensus of $343 million.
Zillow Group, Inc. sees FY2018 revenue of $1.433-1.578 billion, versus the consensus of $1.5 billion.
The following tables present Zillow Group’s business outlook for the periods presented (in millions, unaudited):
| Zillow Group Outlook as of May 7, 2018 | Three Months Ending June 30, 2018 | |||||||||||||||||||||
| IMT Segment | Homes Segment | Consolidated | ||||||||||||||||||||
| Total revenue | $322 | to | $327 | $0 | $322 | to | $327 | |||||||||||||||
| Premier Agent revenue | $228 | to | $230 | $228 | to | $230 | ||||||||||||||||
| Rentals revenue | $34 | to | $35 | $34 | to | $35 | ||||||||||||||||
| Mortgages revenue | $18 | to | $19 | $18 | to | $19 | ||||||||||||||||
| Other revenue | $42 | to | $43 | $42 | to | $43 | ||||||||||||||||
| Adjusted EBITDA* | $57 | to | $62 | $(8 | ) | to | $(5 | ) | $49 | to | $57 | |||||||||||
| Weighted average shares outstanding — basic | 193.0 | to | 195.0 | |||||||||||||||||||
| Weighted average shares outstanding — diluted | 202.5 | to | 204.5 | |||||||||||||||||||
| Year Ending December 31, 2018 | ||||||||||||||||||||||
| IMT Segment | Homes Segment | Consolidated | ||||||||||||||||||||
| Total revenue | $1,308 | to | $1,323 | $125 | to | $255 | $1,433 | to | $1,578 | |||||||||||||
| Premier Agent revenue | $917 | to | $927 | $917 | to | $927 | ||||||||||||||||
| Rentals revenue | $144 | to | $146 | $144 | to | $146 | ||||||||||||||||
| Mortgages revenue | $76 | to | $77 | $76 | to | $77 | ||||||||||||||||
| Other revenue | $171 | to | $173 | $171 | to | $173 | ||||||||||||||||
| Adjusted EBITDA* | $295 | to | $310 | $(35 | ) | to | $(25 | ) | $260 | to | $285 | |||||||||||
| Weighted average shares outstanding — basic | 194.0 | to | 196.0 | |||||||||||||||||||
| Weighted average shares outstanding — diluted | 203.5 | to | 205.5 | |||||||||||||||||||
For earnings history and earnings-related data on Zillow Group, Inc. (ZG) click here.
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