Wall Street analysts expect CoStar Group (CSGP) to post quarterly earnings of $0.16 per share in its upcoming report, which indicates a year-over-year decline of 46.7%. Revenues are expected to be $696.45 million, up 11.5% from the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of a company's earni ...

Most investors inconsistently view quarterly earnings as a catalyst for stock prices upon the news release. They often find themselves trapped in the volatility of sudden moves and face the risk of large—or total, in the case of options—losses if the direction of the stock after the announcement goes the wrong way. There is a way to somewhat accurately predict where a stock could go after earnings announcements or to see where broader markets are betting these stocks could go on the event. Keeping the sayin ...

Most investors are under the impression that lower interest rates coming from the Fed might mean lower returns. While that might be true for some industries and companies, some in the technology sector seem to have a chance at another outperforming rally before the year is over. Now that the market is placing most – if not all – premium valuations on the sector, investors can count on the ease of bullish price action and momentum to carry a select group of stocks forward and above the rest. Of course, the b ...

Investors in CoStar Group, Inc. (CSGP) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $35.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

FORM 10-Q OR For the transition period from ______ to ______ CoStar Group, Inc. (Exact name of registrant as specified in its charter) Delaware 52-2091509 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (202) 346-6500 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or ...

CoStar Group (CSGP) reported non-GAAP earnings of 15 cents per share in second-quarter 2024, surpassing the Zacks Consensus Estimate by 66.67% but plunging 51.6% year over year. Revenues of $678 million beat the Zacks Consensus Estimate by 0.14% and increased 12% year over year. The upside was driven by robust performance in key segments. Top-Line Details CoStar revenues (37.3% of revenues) of $253 million beat the consensus estimate by 0.61% and increased 10.4% year over year. Apartments.com revenues incre ...

CoStar Group, Inc. (NASDAQ:CSGP) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Cyndi Eakin - Head, IR Andrew Florance - Founder and CEO Chris Lown - CFO Conference Call Participants Peter Christiansen - Citi Alexei Gogolev - JPMorgan George Tong - Goldman Sachs Heather Balsky - Bank of America Soham Bhonsle - BTIG Jeff Meuler - Baird John Campbell - Stephens Nick Jones - Citizens JMP Operator Good day everyone and thank you for standing by. Welcome to this Q2 2024 CoStar Gro ...

The reported revenue represents a surprise of +0.14% over the Zacks Consensus Estimate of $676.85 million. With the consensus EPS estimate being $0.09, the EPS surprise was +66.67%. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. For the quarter ended June 2024, CoStar Group (CSGP) reported revenue of $677.8 million, up 11.9% over the same period last year. EPS ...

Core Insights - CoStar Group (CSGP) reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, but down from $0.31 per share a year ago [1] - The earnings surprise for this quarter was 66.67%, with the company also surpassing earnings expectations in the previous quarter [2][3] - CoStar's revenues for the quarter were $677.8 million, which was 0.14% above the Zacks Consensus Estimate and an increase from $605.91 million year-over-year [8] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $707.06 million, and for the current fiscal year, it is $0.62 on revenues of $2.78 billion [6] - The trend of estimate revisions for CoStar is mixed, leading to a Zacks Rank of 3 (Hold), indicating expected performance in line with the market [12] Industry Context - CoStar operates within the Computers - IT Services industry, which is currently ranked in the bottom 40% of over 250 Zacks industries [10] - The industry outlook can significantly impact stock performance, with top-ranked industries historically outperforming lower-ranked ones by more than 2 to 1 [10] Stock Performance - CoStar shares have declined approximately 13.6% since the beginning of the year, contrasting with the S&P 500's gain of 16.7% [4] - The company's ability to sustain immediate price movements will largely depend on management's commentary during the earnings call [11]

Source: Google Analytics Unique Visitors – All CoStar Group Sites. Growth rate based on 2Q24 vs 2Q23. | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | • | Second quarter 2024 revenue of $678 million increased 12% year-over-year and our two businesses with billion dollar run rates delivered double-digit revenue growth. | | • | Annualized net new bookings ...