Zillow Gr: Q3 Earnings Insights
Zillow Gr (NASDAQ:ZG) reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:05 PM.
Here's what investors need to know about the announcement.
Why Zillow Shares Are Falling
Zillow Group Inc (NASDAQ: Z) shares are trading lower possibly on continued downward momentum after KeyBanc analysts said they believe the company's earnings may be at risk due to its $1.17 billion home inventory, finding that 66% of these homes are listed below their purchase price.
64 Biggest Movers From Yesterday
Gainers
ABVC BioPharma, Inc. (NASDAQ: ABVC) shares climbed 137.4% to close at $6.03 on Monday on abnormally-high volume. The stock is seeing increased interest by traders on social media. Also, the company filed a mixed shelf offering on Friday after the close.
Earnings Scheduled For November 2, 2021
Companies Reporting Before The Bell
• Thomson Reuters (NYSE:TRI) is expected to report quarterly earnings at $0.48 per share on revenue of $1.86 billion.
Zillow Shares Quiet Following Business Insider Article ‘Zillow is selling hundreds of homes in places like Atlanta, Phoenix, and Houston. An Insider analysis found almost two-thirds are listed for less than it paid’
https://www.businessinsider.com/zillow-offers-pause-ibuyers-homes-atlanta-phoenix-dallas-houston-minneapolis-2021-10
What 3 Analyst Ratings Have To Say About Zillow Gr
Within the last quarter, Zillow Gr (NASDAQ:ZG) has observed the following analyst ratings:
Lower Than Expected Housing Starts and Building Permits Could Be Problems for Homebuilders
Investors have another group of earnings to consider on Tuesday. This week a slew of companies are slated to report earnings including 77 of the 500 stocks that make up the S&P 500. Investors will be looking for signs of supply chain relief and bottlenecks.
Wedbush Downgrades Zillow Gr to Neutral
Wedbush analyst Ygal Arounian downgrades Zillow Gr (NASDAQ:ZG) from Outperform to Neutral.
Why Zillow Homebuying Halt ‘Might Be Beneficial’ In The Near-Term
Online real estate listing platform Zillow Group Inc (NASDAQ: Z) is reportedly pausing its iBuying program through at least the end of 2021 after the company purchased more than 3,800 homes in the second quarter.
Earnings Season Continues with State Street, Albertsons, and Sandvik Announcing on Monday Morning
Stocks appear to be pausing as rates start to rise. Before the U.S. markets opened, short-term U.S. Treasury yields were rising. The five-year yields rose to their highest levels in 20 months per Reuters.