Zillow (Z) PT Trimmed to $92 at RBC Capital Following Q2 Results; Still in Transition Year
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Zillow (Z) Estimates, Price Target Slashed at Deutsche Bank
August 5, 2015 9:04 AM EDTDeutsche Bank maintained a Hold rating on Zillow (NASDAQ: Z) but lowered its price target to $71.00 (from $96.00). The change follows Q2 results. Analyst Lloyd Walmsley said Zillow was "more uncertain than ever" and cut revenue and EBITDA estimates.
"We see the narrative on Zillows business changing for the negative, as subs and traffic growth slow and the company increasingly focuses on super-agents. Revenue tied to super agent teams is less of a simple share shift story (scales quickly) and more akin to the hard work... More
Zillow (Z) Posts Narrower-than-Expected Q2 adj.-Loss of 1c/Share
August 4, 2015 4:31 PM EDTZillow (NASDAQ: Z) reported Q2 EPS of ($0.01), $0.25 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $171.3 million versus the consensus estimate of $168.69 million.
Pro forma basic and diluted net loss per share was $0.46 in the second quarter of... More
