CoStar Group(CSGP)

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Mohr Logistics Park Named 2024 "Commercial Development of the Year" CoStar Impact Award Winner
Prnewswire· 2024-04-08 16:24
Winners were selected by a panel of more than 660 esteemed industry professionals across 128 markets at the third annual commercial real estate awardsWHITELAND, Ind., April 8, 2024 /PRNewswire/ -- Mohr Logistics Park (MLP) was named the 2024 "Commercial Development of the Year" CoStar Impact Award winner in the Indianapolis market. This year's winners of the CoStar Impact Awards — chosen for their growth, diversification, and ability to overcome unique challenges in their markets — were selected from a pane ...
CoStar (CSGP) Up 14.7% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-03-21 16:36
A month has gone by since the last earnings report for CoStar Group (CSGP) . Shares have added about 14.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is CoStar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. CoStar Group Q4 Earnings Beat Estimates, Revenues Up Y ...
CoStar's (CSGP) Homes.com Hits 149M Unique Visitors in February
Zacks Investment Research· 2024-03-18 17:51
CoStar Group (CSGP) is benefiting from a robust portfolio of marketplaces, which includes Apartments.com, LoopNet and Homes.com. It has witnessed terrific growth in traffic across its portfolio of marketplaces in recent times.CoStar’s Homes.com have been a frontrunner in this regard. According to Google Analytics, it achieved a milestone in 2023 with 43 million unique visitors. In September last year, it crossed 100 million unique visitors.CoStar recently announced a significant achievement for Homes.com, w ...
CoStar (CSGP) Soars 8.3%: Is Further Upside Left in the Stock?
Zacks Investment Research· 2024-03-18 14:00
CoStar Group (CSGP) shares ended the last trading session 8.3% higher at $95.18. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.9% gain over the past four weeks.CoStar Group is benefiting from a robust portfolio of marketplaces which includes Apartments.com, LoopNet and Homes.com. It has witnessed a terrific growth in traffic across its portfolio of marketplaces in recent times.CoStar recently announced a signif ...
CoStar Group: Optimistic About Meeting FY 2027 Targets
Seeking Alpha· 2024-03-12 09:59
vm Overview I previously gave a buy rating for CoStar Group, Inc. (NASDAQ:CSGP) as the business continued to see double-digit revenue growth and made great advancements in its residential platform that solidified their competitive position in the market. My thesis played out as expected, and the share price has reflected my target price. My recommendation for CSGP is a buy rating. I remain confident in CSGP's ability to meet its FY27 targets (4Q21 earnings call) given the strong business momentum so far ...
Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Zillow Group, Inc. (Nasdaq: Z)
Businesswire· 2024-03-05 14:00
NEW YORK--(BUSINESS WIRE)--Spruce Point Capital Management, LLC (“Spruce Point” or “we” or “us”), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled “Zillow’s Sinking Foundation” that outlines why we believe shares of Zillow Group, Inc. (Nasdaq: Z) ("Zillow" or the "Company") face up to 40% to 60% long-term downside risk, or approximately $23.00 – $35.00 per share. Download or view the report by visiting www.SprucePointCap ...
CoStar Group (CSGP) Q4 Earnings Beat Estimates, Revenues Up Y/Y
Zacks Investment Research· 2024-02-21 17:56
CoStar Group (CSGP) reported non-GAAP earnings of 33 cents per share in fourth-quarter 2023, which surpassed the Zacks Consensus Estimate by 3.13% but dropped 13.2% year over year.Revenues of $640 million beat the Zacks Consensus Estimate by 1.07% and increased 11.7% year over year.Top-Line DetailsCoStar revenues (37.1% of revenues) of $238 million beat the consensus estimate by 0.72% and increased 8.5% year over year. Apartments.com revenues increased 23% year over year. Net new bookings in the fourth quar ...
CoStar Group(CSGP) - 2023 Q4 - Annual Report
2024-02-21 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 0-24531 CoStar Group, Inc. (Exact name of registrant as specified in its charter) Delaware 52-2091509 (State or other jurisdiction of in ...
CoStar Group(CSGP) - 2023 Q3 - Earnings Call Transcript
2024-02-21 03:34
CoStar Group, Inc. (NASDAQ:CSGP) Q3 2023 Earnings Conference Call February 20, 2024 5:00 PM ET Company Participants Cyndi Eakin - Head of Investor Relations Andrew Florance - Founder and Chief Executive Officer Scott Wheeler - Chief Financial Officer Conference Call Participants Pete Christiansen - Citi Heather Balsky - Bank of America George Tong - Goldman Sachs Alexei Gogolev - JPMorgan Ryan Tomasello - KBW Ashish Sabadra - RBC Capital Markets Operator Good day and welcome to the CoStar Group Fourth Quart ...
Here's What Key Metrics Tell Us About CoStar (CSGP) Q4 Earnings
Zacks Investment Research· 2024-02-21 00:30
For the quarter ended December 2023, CoStar Group (CSGP) reported revenue of $640.1 million, up 11.6% over the same period last year. EPS came in at $0.33, compared to $0.38 in the year-ago quarter.The reported revenue represents a surprise of +1.07% over the Zacks Consensus Estimate of $633.3 million. With the consensus EPS estimate being $0.32, the EPS surprise was +3.13%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...