Zillow Group Inc. ZG is due to release its fourth-quarter 2017 earnings on February 8th. The company beat the Zack Consensus Estimate in three of the trailing four quarters, with an average positive earnings surprise of 53.01%.
Zillow reported non-GAAP earnings of 19 cents per share in the last quarter, ahead of the Zacks Consensus Estimate and the year-ago quarter's earnings of 17 cents per share.
The property portal's total revenues increased 25% year over year to $281.8 million, beating the Zacks Consensus Estimate of $277 million. The year-over-year growth was primarily attributed to the strong growth of the company's Marketplace segment.
Management is particularly focused on the performance of the Premier Agent Business that comprises around 70% of total revenues.
Notably, Zillow's shares have returned 20.53%, underperforming the industry 's 26.05% rally.
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