On Jan 7, 2014, Zacks Investment Research upgraded
) to a Zacks Rank #1 (Strong Buy). With a strong return of 181.7%
over the past one year and a positive estimate revision over the
last 60 days, Zilliow is an attractive investment
Why the Upgrade?
Upbeat third quarter revenues and strength in the company's
mortgages marketplace segment contributed to the upgrade.
Zilliow's Average monthly unique users improved 69.0% year over
year to 61.1 million, while total Traffic reached a record 63.7
million in the month of August.
Mobile traffic doubled year over year in the last quarter as
approximately 60.0% user visits to Zillow's website were through
New product launches, which include the newly designed Zillow
Real Estate App for
) iPhone and iPad, are positives. Recently, the company launched
the Zillow Digs app for iPhone.
Moreover, Zillow projected a strong guidance for the fourth
quarter and fiscal year 2013. For the fourth quarter, Zillow
expects revenue to be in the range of $55.0 million to $56.0
million for the fourth quarter of 2013. Total expenses are
expected to be in the range of $25.5 million to $26.0
million. Adjusted EBITDA is expected to be in the range of
$8.5 million to $9.0 million.
For full year 2013, revenues are expected to be in the range
of $194.0 million to $195.0 million (up from $186.0 million to
$188.0 million), while EBITDA is pegged at $23.0 million (up $3.0
million from earlier guidance).
The long-term expected earnings growth rate for Zillow is
expected to be 30.0%.
Other Stocks to Consider:
Investors can also consider other stocks that are doing well
right now. These include
The Keyw Holdings Corp.
Smart Technologies Inc.
) caring a Zacks Rank #1 (Strong Buy).
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AMAZON.COM INC (AMZN): Free Stock Analysis
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SMART TECHNOL-A (SMT): Free Stock Analysis
ZILLOW INC (Z): Free Stock Analysis Report
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