Post-earnings recap
Reported
Wed, May 6, 2026
EPS actual
$0.53
EPS est.
$0.11
EPS surprise
+381.82%
1-day move
+2.27%
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.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.53 | $0.46 | +381.82% |
| Revenue | — | $705M | — |
No transcript is on record, and the analysis is based on numerical results only.
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.
Last quarter
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.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+1275.62%
Avg 1-day reaction
-0.12%
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
0.46Earnings per share is a critical measure of profitability and will indicate how well Zillow is managing its costs and revenues.
Revenue
705MTotal revenue reflects the overall business performance and growth, important for assessing market demand for Zillow's services.
The print will turn on these.
Q1
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.
Q2
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.
—
Est. EPS
$0.01
Est. Rev
$918M
Impl. Move
±9.1%
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.
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.
What the market is pricing for the move.
Implied Move
±12.92%
Historical Avg
±2.0%
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 ±2.0% over the last 8 prints — setup is pricing rich.
ATM IV
0.8%
30d HV
42.4%
Smart-money positioning from the most recent 13F filings.
Institutional
97.61%
of float
Insider
5.53%
of float
Holders
579
institutions
Top Holders· as of Jun 2026
Caledonia (Private) Investments Pty Ltd
24,102,956 sh · $657.5M
13.60%
-6.9%
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%.
The lines on the call that would change the story.
Independent Franchise Partners, LLP
16,300,754 sh · $444.7M
9.20%
23.5%
Capital World Investors
14,240,643 sh · $388.5M
8.03%
0.3%
Vanguard Portfolio Management LLC
13,327,843 sh · $363.6M
7.52%
-4.9%
Blackrock Inc.
8,159,260 sh · $222.6M
4.60%
-18.5%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.