Zillow Group (ZG) 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
- $0.46
- Surprise
- +13.8%
- Revenue (period 2026-06-30)
- $772.0M
- Score at report (before → after)
- 6.0 → 5.9/10
Revenue source: xbrl.
How the report landed
Zillow Group (ZG) beat the $0.46 estimate with diluted EPS of $0.52 — a large 13.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.0/10) to Sell at 5.9/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ZG Sell at 5.2/10.
3 of the last 4 quarters beat the estimate; this quarter's +13.8% surprise compares with a +7.8% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- Strong earnings beat streak (3/4)
- Strong growth profile
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
- $36.04
- Price target
- $42.50
- Stop
- $33.52
- Upside to target
- +17.9%
- Reward-to-risk
- 2.0:1
The stock trades at 147.7× trailing but 12.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
ZG 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
- $7.97B
- P/E (fwd)
- 12.1
- P/E (ttm)
- 147.7
- 52-week range
- $29.03–$90.22
- Off 52-week high
- 60.1%
- RSI (14)
- 53
- Volume vs avg
- 0.60×
- Score today
- 5.2/10