A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible."
His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Newmark (NASDAQ:NMRK) and the rest of the real estate services stocks fared in Q4.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including eXp World (NASDAQ:EXPI) and its peers.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including Zillow (NASDAQ:ZG) and its peers.
Zillow shares are trading higher by 3.9% during Thursday's session. Shares of real estate and broker stocks are trading higher following strong February existing home sales data.
While the broader market has struggled with the S&P 500 down 1% since September 2024, Zillow has surged ahead as its stock price has climbed by 20.2% to $69.50 per share. This performance may have investors wondering how to approach the situation.
Rocket Companies announces it will acquire Redfin in a $1.75 billion deal to bring homebuyers an end-to-end, online real estate solution from browsing listings to securing a mortgage.
Real estate brokerage and services firm Marcus & Millichap (NYSE:MMI)
will be announcing earnings results tomorrow before market hours. Here’s what to expect.
Shares of online real estate marketplace Zillow (NASDAQ:ZG)
fell 14.9% in the morning session after the company reported disappointing fourth-quarter quarterly results as it provided quarterly guidance for sales and EBITDA below Wall Street's expectations.
Online real estate marketplace Zillow (NASDAQ:ZG) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 16.9% year on year to $554 million. On the other hand, next quarter’s revenue guidance of $582.5 million was less impressive, coming in 2.9% below analysts’ estimates. Its non-GAAP profit of $0.27 per share was in line with analysts’ consensus estimates.
