Zillow Inc (NASDAQ:Z) is heading for the release of its third quarter earnings report on Tuesday afternoon after the market closes on Wall Street. The online real estate database is expected to have a rough full year 2013, but is expected to return to growth in 2015.
In the run up to the release of this afternoon’s earnings report, twelve analysts following the company surveyed by Bloomberg were expecting a loss of 19 cents per share for the third quarter. Revenue for the period was expected to come in at $51.3 million for the three months. In the same period in 2012 the company showed earnings per share of 13 cents on revenue totaling $31.9 million.
Aaron Kessler, an analyst from Raymond James, is looking for Zillow Inc (NASDAQ:Z) to record a loss per share of fourteen cents in this afternoon’s earnings report. Kessler is looking for revenue of $51.3 million for the three month period. The analyst thinks that the company’s traffic data will come in strong in the earnings report, and marketplace growth is likely to be impressive.
Analysts expect to see Zillow Inc (NASDAQ:Z) break even in 2013. The company earned 42 cents per share in the full year 2012. Growth is expected top return to the firm next year. Analysts are looking for earnings of 53 cents per share for the full year 2014.
Zillow Inc (NASDAQ:Z) has been a high growth security through 2013, and that means that tonight’s earnings may bring volatility with them. The company’s stock has close to tripled since the first of January. The company is now worth close to $3 billion, and there is a huge amount of growth baked into the company’s stock.
Executives from Zillow Inc (NASDAQ:Z) are planning to host a conference call to discuss this afternoon’s earnings after they report the numbers. Analysts and investors will be wondering about the company’s guidance for the December quarter, and the company’s growth strategy through 2014.