We recently compiled a list of the Heavy Selling Drags Share Prices of These 10 Firms. In this article, we are going to take a look at where Zillow Group Inc. (NASDAQ:Z) stands against the other stocks.
Wall Street’s major indices finished mixed on Wednesday, though generally pessimistic, as investor sentiment was dampened by higher-than-expected consumer price data which fueled concerns of a potential inflation rebound.
The Dow Jones and S&P 500 declined by 0.50 percent and 0.27 percent, respectively. Only Nasdaq posted gains, albeit a marginal 0.03 percent.
Among Wednesday’s losers, 10 companies were the worst performers, primarily due to disappointing earnings results, dismal outlook guidance, and downgraded ratings, among others. In this article, we have detailed the specific reasons behind their lagging performance.
To come up with Wednesday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A team of real estate agents trading tips and tricks in a modern office, representing markets across the country.
Zillow Group Inc. (NASDAQ:Z)
Zillow Group Inc. fell for a second consecutive day, ending Wednesday’s trading down by 9.4 percent to finish at $78.21 each as investors discounted news of better earnings performance last year and instead focused on missing analyst estimates.
Z said it was able to narrow its net loss by 29 percent to $52 million in the last quarter of the year from the $73 million registered in the same period a year ago, while net loss shrunk by 29 percent to $112 million in full-year 2024 from $158 million in 2023.
Revenues grew by 16.9 percent in the quarter to $554 million from $474 million, while increasing 15 percent to $2.2 billion from $1.9 billion for the full-year comparable period.
For 2025, Z CEO Jeremy Wacksman said that 2024 was a remarkable year for the company. “We achieved our stated goals for the year — including double-digit revenue growth—and we expect to keep up our momentum in 2025.”
“The results we reported today demonstrate how well we are executing and seizing our opportunity to transform and digitize residential real estate. With the leading brand in our category and a solid foundation for continued growth, we’re excited to serve more buyers, sellers, renters, and real estate professionals this year,” he said.
Overall Z ranks 3rd on our list of Wednesday’s top losers. While we acknowledge the potential of Z as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Z but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.