Z beat the guesstimate while its CFO is being replaced

By
Real Estate Agent with (408) 425-1601 CA bre 1519182

                                                                                  Sam Shueh

                                                                              Realty One Group 

                                                                              Cupertino, CA

 

Wall Street investors often not to pay the earning news that much as all companies have learned to play the game on beating earning news. Many astute investors try to read the line between see how the next quarter will be.  Like Caterpillar Tractor stocks real estate technology company Z showed not all is going too well. 

 

"Z stock shares fell more than 6% in the extended session Monday after the company beat earnings expectations but issued weaker-than-expected second-quarter guidance. Its stock gained 5% during regular trading and close at $55.64. The company reported first-quarter net losses of $18.6 million, or 10 cents a share, compared with losses of $4.6 million, or 3 cents a share, in the year-ago period. Adjusted earnings were 7 cents a share. Revenue rose to $299.9 million from $245.8 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 6 cents a share on revenue of $298 million.

For the second quarter, analysts model adjusted earnings of 11 cents a share on sales of $343 million. The company said it expected second-quarter sales of $322 million to $327 million. Z said that effective May 31, Chief Financial Officer Kathleen Philips will step down from that role and be temporarily replaced by the current vice president of financial reporting Jennifer Rock, until the company can find a replacement. Philips will continue to function as Chief Legal Officer through 2018."

Comments (2)

Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not anything I'm concerned about.  

May 07, 2018 09:12 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Sam. Somehow it makes little sense! Enjoy your day!

May 08, 2018 04:48 AM