ZILLOW GROUP INC (ZG)
NASDAQCommunication ServicesInternet Content & InformationSnapshot 2026-11-04
$34.45+9.89%
Close 2026-11-04 · 1-day change
NASDAQCommunication ServicesInternet Content & InformationSnapshot 2026-11-04
QuarterlyIQ Insights · ZG
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 43.4% |
| Our one-year growth estimate | diamond | 14.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the broad stock market and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 29.3 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 12 industry peers · Company calendar date is not available
ZG — Principal Accounting Officer transition
Dated 2026-09-17
Chief Accounting Officer — Jennifer Rock: The Chief Accounting Officer is retiring with a named internal successor (Rikki Tremblay) and a transition plan, indicating an orderly succession rather than a sudden loss of leadership.
Why it matters: Cash from operations fell from $200 million in Q1 to $11 million in Q2. Another low result would show weak cash generation.
Worry ifQ3 cash from operations is $11 million or lower.
Less concerning ifQ3 cash from operations rises above $11 million.
Why it matters: Rentals was a major growth driver, up 31% in Q2. Slower growth would weaken that part of the business story.
Worry ifQ3 Rentals revenue growth is below 31% year over year.
Less concerning ifQ3 Rentals revenue growth is 31% or higher year over year.
Why it matters: Q2 revenue grew 18%, faster than the housing market. Another strong quarter would support Zillow's growth story.
Supportive ifIn the Q3 results, revenue is up more than 18% year over year.
Worry ifIn the Q3 results, revenue growth is below 18% year over year.
Why it matters: Mortgage revenue rose as purchase loan volume nearly doubled. A sharp slowdown would test whether that growth can last.
Worry ifQ3 purchase loan origination volume grows less than 95% year over year.
Less concerning ifQ3 purchase loan origination volume grows 95% or more year over year.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$230 on $10,000 · ±2.3% | How much price usually moves either way. |
| Bad day | $486 loss on $10,000 · 4.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $6,250 loss on $10,000 · 62.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Zillow and Redfin plan separate ad products while keeping their listing partnership. The launch will test whether the deal adds more ways to serve housing providers.
Watch forIn 2027, Zillow and Redfin launch their own multifamily ad products. Their listing partnership continues.
Also watch forThe standalone ad launch is delayed or canceled, or the listing partnership ends.
Why it matters: Zillow agreed to settle a securities case. A court ruling will show whether the deal resolves the claims.
Watch forA court approves the settlement and the case is dismissed under its terms.
Also watch forA court rejects the settlement, or the case continues with no final decision.