Zillow Group (Z) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.52
- Estimate
- $0.45
- Surprise
- +14.8%
- Revenue (period 2026-06-30)
- $772.0M
- Score at report (before → after)
- 5.7 → 5.6/10
Revenue source: xbrl.
How the report landed
Zillow Group (Z) beat the $0.45 estimate with diluted EPS of $0.52 — a large 14.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.7/10) to Sell at 5.6/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates Z Sell at 5.2/10.
2 of the last 4 quarters beat the estimate; this quarter's +14.8% surprise compares with a +6.1% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- Strong growth profile
- Wide economic moat
What argues against it
- Concentration risk — Product: Residential revenue (66.0%)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4)
- Sector modifier (Communication Services): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $35.45
- Price target
- $40.02
- Stop
- $32.87
- Upside to target
- +12.9%
- Reward-to-risk
- 1.5:1
The stock trades at 144.1× trailing but 12.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-03 — shown for context, not personalized investment advice.
Z at TrendMatrix's latest read
Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.
- Industry
- Internet Content & Information
- Market cap
- $7.78B
- P/E (fwd)
- 12.4
- P/E (ttm)
- 144.1
- 52-week range
- $29.23–$93.88
- Off 52-week high
- 62.2%
- RSI (14)
- 52
- Volume vs avg
- 0.82×
- Score today
- 5.2/10