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Friday, May 10, 2019 6:44:54 PM
Compensated Awareness Post View
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Short squeeze underway in Zillow, 50% upside remains.
Despite posting a loss of $.33 per share and revenue of $454.1 million , Zillow actually beat the estimates and provided very upbeat expansion plans and revenue growth prospects. Sales figures in their buy and sell program tripled in the quarter, such growth has lead to expansion into six new markets. The one stop shop approach of selling homes and providing the mortgage facilities for purchaser's, looks to be a winning strategy.
Despite posting a loss of $.33 per share and revenue of $454.1 million , Zillow actually beat the estimates and provided very upbeat expansion plans and revenue growth prospects. Sales figures in their buy and sell program tripled in the quarter, such growth has lead to expansion into six new markets. The one stop shop approach of selling homes and providing the mortgage facilities for purchaser's, looks to be a winning strategy.
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