Zillow Stock Slumps on First-Time Buyer, Mortgage Rate Headwinds

1
Comment
1

Zillow Stock Slumps on First-Time Buyer, Mortgage Rate Headwinds

Bloomberg05-02

First-time buyer activity is underperforming, Zillow saysZillow’s first-quarter revenue beat analyst estimatesZillow Group Inc. shares fell after the real estate company published a second-quarter ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2432656093?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-02 07:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432656093","market":"us","top_or_hot":-1,"title":"Zillow Stock Slumps on First-Time Buyer, Mortgage Rate Headwinds","media":"Bloomberg","content":"<div>\n<p>First-time buyer activity is underperforming, Zillow saysZillow’s first-quarter revenue beat analyst estimatesZillow Group Inc. shares fell after the real estate company published a second-quarter ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-05-01/zillow-shrugs-off-housing-chill-industry-flux-to-beat-estimates\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zillow Stock Slumps on First-Time Buyer, Mortgage Rate Headwinds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZillow Stock Slumps on First-Time Buyer, Mortgage Rate Headwinds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-05-01/zillow-shrugs-off-housing-chill-industry-flux-to-beat-estimates><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First-time buyer activity is underperforming, Zillow saysZillow’s first-quarter revenue beat analyst estimatesZillow Group Inc. shares fell after the real estate company published a second-quarter ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-05-01/zillow-shrugs-off-housing-chill-industry-flux-to-beat-estimates\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-05-01/zillow-shrugs-off-housing-chill-industry-flux-to-beat-estimates","article_id":"2432656093","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432656093","pubTimestamp":1714605900,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"First-time buyer activity is underperforming, Zillow saysZillow’s first-quarter revenue beat analyst estimatesZillow Group Inc. shares fell after the real estate company published a second-quarter out","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4585":"ETF&股票定投概念","ZG":"Zillow Class A","BK4079":"房地产服务","BK4588":"碎股","Z":"Zillow","BK4551":"寇图资本持仓"},"translate_title":"首次购房者Zillow股票暴跌，抵押贷款利率逆风","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z":1,"ZG":0.9},"content_text":"First-time buyer activity is underperforming, Zillow saysZillow’s first-quarter revenue beat analyst estimatesZillow Group Inc. shares fell after the real estate company published a second-quarter outlook that called for lower revenue in its core business and predicted stalling growth in the broader US housing market.Zillow, led by Chief Executive Officer Rich Barton, expects revenue from its residential business to be between $372 million to $382 million in the second quarter, according to a shareholder letter Wednesday. That’s less than the $393 million that the company took in during the first three months of the year.Zillow based that projection on tepid first-time homebuying activity and a recent rise in mortgage rates, predicting that overall US transaction volumes in the residential real estate market would be little changed from the second quarter of last year.Shares plummeted as much as 12% to $36.63 before paring losses in after-market trading Wednesday in New York. Shares had fallen 27% from the start of the year through Wednesday’s close, before earnings were released.Zillow’s disappointing outlook comes as the company reported first-quarter earnings that beat analysts’ expectations. The company’s dominant consumer brand helped it muddle through a period of slow sales and looming changes in the US housing industry. Zillow had revenue of $529 million, more than the $509 million analysts estimated, on average, in a survey compiled by Bloomberg.Zillow continues to attract eyeballs even as home sales and available listings remain near historic lows. About 217 million unique users visited the company’s websites and apps on the average month in the quarter. The company, whose main business revolves around connecting prospective homebuyers with real estate agents, reported $125 million in adjusted earnings before interest, taxes, depreciation and amortization, beating the average analyst estimate of $104 million.The residential real estate industry has been jolted in recent months by antitrust litigation that seeks to upend a decades-old status quo. In March, the National Association for Realtors agreed to a settlement that would change the way agents are paid, potentially slashing commission income for the agents who remain Zillow’s core customers.Zillow is positioned to thrive amid industry changes because of its large audience of high-intent homebuyers, and because it caters to the most-productive agents, Barton and Chief Financial Officer Jeremy Hofmann said in a letter to shareholders Wednesday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}