While the world reels from the social and economic shocks caused by the Covid-19 pandemic and the measures taken to mitigate its impact, the rebound in equity markets suggests that investors are already looking forward to a return to some semblance of normalcy.
But how does the market expect that recovery to play out?
Zillow analysts have widely different views on the company’s future profitability as they transform into a real estate iBuyer. The company is in the midst of an ambitious multi-year transition to “Zillow 2.0” that began in 2018 with Zillow Offers, a program allowing homeowners to sell directly to Zillow to be remodeled and resold. Many analysts are skeptical if the iBuyer model can achieve long-term profitability, and Zillow’s core business – Internet, Media & Technology (IMT) – is expected to offset on-going losses from the Home segment in the near-term. The company guided for breakeven consolidated adjusted EBITDA in 2020, but consensus estimates are projecting a small loss.
In this month’s newsletter, learn what our data says about the current “broker wars,” a tremendous Capital Group deal and more.
Note from the Communications Committee: We are looking for additional support in improving communication at Visible Alpha. This newsletter is a great step in the right direction, but there is more we can do with your help! Email [email protected] to learn how to get involved.
In this month’s newsletter, we celebrate a major company milestone, a great description of Visible Alpha from WorldQuant, and tips on managing Slack. Happy reading!
August brings some of the best bounty of the season — fresh tomatoes, ripe melon, sweet corn on the cob and zucchini. Try these recipes featuring this month’s crops to wrap up the summer:
Bizarre and Unique July Holidays
July 11: World Population Day | July 13: Embrace Your Geekness Day | July 14: Bastille Day | July 17: World Emoji Day
July 27: Bagpipe Appreciation Day | July 29: International Tiger Day | July 30: International Day of Friendship
With another record-breaking month in sales behind us, we’re for another one in June! Welcome to Visible Alpha’s monthly internal newsletter. In this edition, we highlight our first enterprise deal for Insights, an upcoming entitlements platform, and pose the question — is a banana a fruit or an herb?
In 2Q16, American Express and Costco ended their 16-year exclusive-card partnership. The loss was a significant blow to American Express, as Costco made up a significant portion of their billed business and their cards in force. The cut was expected to weigh on results for some time and potentially impact other cobranded partnerships as well.
The onset of earnings season can fill both the buy-side and sell-side with a bit of dread, but also with some excitement. As a former sell-side analyst, I recall the season as not only a time to update numerous Excel models and compose earnings notes, but also as an opportunity to learn. It could be a something new about the companies we covered, or an insight that could help us reevaluate our perspective on the industry or across other industries.
