1. Zillow to report its smallest loss since 2022, near profitability. 2. Estimated net loss is $9 million on $589 million revenue this quarter. 3. Zillow's new strategy focuses on a 'housing super app' model. 4. Revenue from mortgage and rental businesses expected to rise 29% and 30%. 5. Analysts predict revenue growth but caution about volatile mortgage rates.
Zillow's improved financial outlook hints at operational stability and potential profitability. Historical trend shows stock gains after positive earnings revisions.
The article highlights key improvements in Zillow’s financial health that could influence stock performance shortly. Positive earnings reports often correlate with investor confidence and stock price increases.
Upcoming earnings report could drive immediate market reactions based on the loss projections. Market sentiment could shift swiftly if results exceed estimates.