On Apr 16, Zacks Investment Research upgraded Zillow
Inc. ( Z ) to
a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
The company has witnessed rising earnings estimates since it
reported solid fourth-quarter results. The company delivered
positive earnings surprises in the last 3 quarters of 2012 with an
average beat of 411.1%. The long-term expected earnings growth rate
for this stock is 30%.
Over the last 30 days, 1 out of 3 estimates moved north, pushing
the Zacks Consensus Estimate for 2013 by 2 cents.
The year-to-date return for the stock came in at 97.3%, way
above NASDAQ's return of 4.9%.ANGIES LIST INC (ANGI): Free Stock Analysis
ReportBANKRATE INC (RATE): Free Stock Analysis ReportSHUTTERFLY INC (SFLY): Free Stock Analysis
ReportZILLOW INC (Z): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment
The company has undertaken a number of initiatives to upgrade its
services. In Feb 2013, Zillow opened a new office for Zillow
Rentals and HotPads acquired in 2012 in San Francisco. In the same
month it launched a dedicated rental app for iPad named Zillow
Rentals. Rental shoppers using iPad can use Zillow Rentals to
search via GPS by specifying a location on the map.
Again, the company enhanced its free online portal, Agent Hub in
Mar 2013. The endeavor aimed to augment Zillow's efforts to convert
contacts to active customers, thereby generating more
Additionally, in order to acquire more customers, the company
introduced a Spanish-language support for the Zillow Rentals
Android App in Mar 2013. This is expected to enhance its Spanish
customer base by helping the native Spanish speakers search for
rental homes with greater convenience.
Further, the company is working towards business expansion.
Towards this end, Zillow partnered with Engel and Volkers, a
premium residential real estate company and HUNT Real Estate ERA,
the largest family-owned real estate business in New York state and
Phoenix, in Feb 2013. Zillow will now market the listings of the
companies through the Zillow Real Estate Network.
Other Stocks to Consider
Among others in the industry, Shutterfly Inc. (
SFLY ), carries a
Zacks Rank #1 (Strong Buy) while Angie's List Inc.
( ANGI ) and
Bankrate Inc. ( RATE ) carry a Zacks
Rank #2 (Buy).