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
- Adjusted 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 adjusted 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 5.4/10.
3 of the last 4 quarters beat the estimate; this quarter's +13.8% surprise compares with a +8.0% four-quarter average. Next scheduled report: 2026-11-04.
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
- $28.85
- Price target
- $42.21
- Stop
- $26.83
- Upside to target
- +46.3%
- Reward-to-risk
- 6.2:1
The stock trades at 125.4× trailing but 9.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-14 — 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
- $6.49B
- P/E (fwd)
- 9.7
- P/E (ttm)
- 125.4
- 52-week range
- $27.25–$76.32
- Off 52-week high
- 62.2%
- RSI (14)
- 47
- Volume vs avg
- 1.06×
- Score today
- 5.4/10