U.S. realty firm Zillow Group Inc will post its 2016 earnings for the third quarter on November 1.
Last quarter, the company reported negative earnings of 443.7% and the public are wondering what the outcome will be this time.
Zillow serves the full lifecycle of owning and living in a home: buying, selling, renting, financing and remodeling. The company's database has more than 110 million U.S. homes which includes homes for sale, rent and those which are not currently on the market. It also offers mobile and web solutions that allows users to find out information about properties.
Zillow expects third-quarter revenue to be between $217 million and $222 million and full-year revenue to be between $830 million and $840 million. NASDAQ estimates for the fourth quarter and the full year stand at $221 million and $836 million.
The third quarter prediction is due to Zillow’s strong traffic growth, frequent product launches and the growing Agent business, in particular product launches like Zillow Real Estate and Zillow Digs App for Apple Inc.'s AAPL iPhone and iPad.