Equity Profile

Z

Zillow Group, Inc.

Real EstateReal Estate Services$8.0B

May6Wed

Post-Earnings Recap

ReportedQ1-2026After Close4:05 PM EDT

Zillow Group Beats on EPS, Stock Up 2.27%

Metric	Actual	Expected	Surprise
EPS	$0.53	$0.46	+381.82%
Revenue	—	$705M	—

management commentary, guidance changes, and full analysis available with Pro.

Zillow Group Beats on EPS, Stock Up 2.27%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.53	$0.46	+381.82%
Revenue	—	$705M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Zillow Group's strong EPS performance, significantly exceeding expectations, contributed to a 2.27% increase in stock price. However, the lack of revenue data and guidance leaves some uncertainty about future performance. Investors may be encouraged by the earnings surprise but will likely seek more information in future reports.

Company Snapshot

Zillow Group, Inc. operates in the real estate sector, providing online real estate services that help users buy, sell, and rent homes....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well Zillow is managing its costs and revenues.

0.46

Revenue

Total revenue reflects the overall business performance and growth, important for assessing market demand for Zillow's services.

705M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Zillow Group, Inc. operates in the real estate sector, providing online real estate services that help users buy, sell, and rent homes. With a market cap of $10 billion, Zillow is a key player in the evolving landscape of real estate technology, leveraging data and digital tools to enhance consumer experiences in housing.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+1289.84%

Avg Stock Reaction

-0.25%

Last Quarter Recap

In the last quarter, Zillow reported an earnings surprise of +5671.43%, significantly outperforming expectations. This marked a strong rebound in profitability, suggesting improved operational efficiency.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Zillow's upcoming earnings, expecting continued profitability and stable revenue growth. The consensus estimates reflect a positive outlook based on previous performance.

Bull Case

If Zillow can exceed the EPS estimate and show strong revenue growth, it may signal a robust recovery in the housing market and increased consumer engagement.

Bear Case

Conversely, if Zillow misses expectations, it could raise concerns about its market position and the overall health of the real estate sector.

Key Metrics to Watch

EPS

0.46

Earnings per share is a critical measure of profitability and will indicate how well Zillow is managing its costs and revenues.

Revenue

705M

Total revenue reflects the overall business performance and growth, important for assessing market demand for Zillow's services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Zillow's EPS exceed the consensus estimate of $0.46?

A higher EPS would reinforce investor confidence in Zillow's profitability and operational efficiency.

What is the outlook for revenue growth compared to the consensus of $705 million?

Revenue performance will be crucial in assessing demand for Zillow's services and overall market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Zillow's ability to capitalize on a recovering housing market, given its recent operational improvements.

Supporting Evidence

Zillow has consistently beaten EPS estimates in recent quarters, indicating strong management execution.

Options pricing suggests a high level of expected volatility, which may reflect underlying investor confidence.

The recent surge in housing demand could lead to better-than-expected revenue figures.

Key Risk

If Zillow's revenue growth falls short of $705 million, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on Zillow's ability to sustain its earnings momentum amid a fluctuating real estate market.

Bull Confirmed If

An EPS of $0.49 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.36 would raise concerns about profitability and market challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±12.92%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±10.1% while Z has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

42.4%

Calls (31K)P/C Ratio: 0.15Puts (34K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Zillow beats expectations, history suggests a potential stock increase of around +1.95%, confirming a positive outlook.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors weigh management's commentary and future guidance.

Miss

If Zillow misses estimates, the stock could decline, with historical patterns suggesting an average drop of around -0.62%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on Zillow's market share in the online real estate space.
2Insights into consumer behavior trends in the housing market.
3Management's commentary on cost management and operational efficiency.
4Future guidance on revenue expectations for the upcoming quarters.
5Details on any new initiatives or technology enhancements.

See the full picture

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Company Snapshot

Zillow Group, Inc. operates in the real estate sector, providing online real estate services that help users buy, sell, and rent homes....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well Zillow is managing its costs and revenues.

0.46

Revenue

Total revenue reflects the overall business performance and growth, important for assessing market demand for Zillow's services.

705M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+1289.84%

Avg Stock Reaction

-0.25%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Zillow can exceed the EPS estimate and show strong revenue growth, it may signal a robust recovery in the housing market and increased consumer engagement.

Bear Case

Conversely, if Zillow misses expectations, it could raise concerns about its market position and the overall health of the real estate sector.

Key Metrics to Watch

EPS

0.46

Earnings per share is a critical measure of profitability and will indicate how well Zillow is managing its costs and revenues.

Revenue

705M

Total revenue reflects the overall business performance and growth, important for assessing market demand for Zillow's services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Zillow's EPS exceed the consensus estimate of $0.46?

A higher EPS would reinforce investor confidence in Zillow's profitability and operational efficiency.

What is the outlook for revenue growth compared to the consensus of $705 million?

Revenue performance will be crucial in assessing demand for Zillow's services and overall market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Zillow's ability to capitalize on a recovering housing market, given its recent operational improvements.

Supporting Evidence

Zillow has consistently beaten EPS estimates in recent quarters, indicating strong management execution.

Options pricing suggests a high level of expected volatility, which may reflect underlying investor confidence.

The recent surge in housing demand could lead to better-than-expected revenue figures.

Key Risk

If Zillow's revenue growth falls short of $705 million, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on Zillow's ability to sustain its earnings momentum amid a fluctuating real estate market.

Bull Confirmed If

An EPS of $0.49 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.36 would raise concerns about profitability and market challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±12.92%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±10.1% while Z has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

42.4%

Calls (31K)P/C Ratio: 0.15Puts (34K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Zillow beats expectations, history suggests a potential stock increase of around +1.95%, confirming a positive outlook.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors weigh management's commentary and future guidance.

Miss

If Zillow misses estimates, the stock could decline, with historical patterns suggesting an average drop of around -0.62%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on Zillow's market share in the online real estate space.
2Insights into consumer behavior trends in the housing market.
3Management's commentary on cost management and operational efficiency.
4Future guidance on revenue expectations for the upcoming quarters.
5Details on any new initiatives or technology enhancements.