Zillow Expands Instant Offers to Phoenix; Will Work with Agents to Test Buying and Selling Homes Directly
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Zillow Group (ZG) PT Raised to $64 at Stephens Following Preliminary 1Q Results and Guidance
April 13, 2018 9:40 AM EDTStephens raised its price target on Zillow Group (NASDAQ: ZG) to $64.00 (from $52.00) while maintaining a Overweight rating following the company's preliminary 1Q results. The company also raised 2018 guidance alongside the news that ZG is seeking a move into actual home transaction via its Instant... More
Zillow Group (ZG) Issues Q1, FY Revenue Outlook Above the Street
April 12, 2018 4:22 PM EDTIn addition to announcing an expansion of Instant Offers to Phoenix, Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) said it sees Q1 revenue of $299-$301 million (*** consensus is $294.8 million) and adj-EBITDA of $45-$47 million. The company sees fy 2018 revenue of $1.43-$1.58 billion (*** consensus is $1.31 billion) and adj-EBITDA of $260-$285 million.
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