Zillow (Z) Surges, Why It Still Has Room To Run - Tale of the Tape
January 15 2014 - 8:54AM
Zacks
O
ne company that should be on your
radar is Zillow, Inc. (Z). The stock of the
property management firm has seen its Zacks Rank surge over the
past four weeks, moving from Sell territory to its current
position as a Buy.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For Z’s full year estimate, we
have no estimate go higher in the past 30 days, compared to just no
downward revision in the same time period. This trend has helped
the consensus estimate to trend higher, narrowing from a loss of 60
cents per share a month ago to its current level at a loss of 59
cents.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, Z has seen some pretty solid
trading lately, as the company has moved higher by 11.3% in the
past month.
If Zillow, (Z) can keep up this great momentum on the earnings
estimate front and continue to impress analysts, we could see more
gains ahead for this company, suggesting that you might want to put
Z on your watch list for the future.
Other top-ranked stocks worth considering in this space include
China Distance Education Holdings Limited (DL),
Shutterfly, Inc. (SFLY) and Taomee
Holdings Ltd. (TAOM) each carrying a Zacks Rank #1
(Strong Buy)
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ZILLOW INC (Z): Free Stock Analysis Report
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