Group 1 - The article introduces Cody Hooper as a new contributing analyst for Seeking Alpha, encouraging others to share their investment ideas for publication and potential earnings [1] - The author emphasizes the importance of long-term investing and believes that informed and disciplined individuals can outperform the S&P 500 over time [2] - The author has over 19 years of experience studying investing and managing stock portfolios, highlighting a commitment to educating others on sound investment decisions [2] Group 2 - The article does not contain any specific company or industry analysis, focusing instead on the author's background and investment philosophy [3]

Core Viewpoint - CoStar Group (CSGP) has experienced a recent decline in share price, but the formation of a hammer chart pattern suggests a potential trend reversal due to increased buying interest and strong earnings estimate revisions from analysts [1][3]. Group 1: Technical Analysis - The hammer chart pattern indicates that the stock may have found support, with bulls potentially counteracting the bears, signaling a possible trend reversal [1]. - A hammer pattern forms when there is a small candle body with a long lower wick, suggesting that buying interest has emerged after a downtrend [2]. Group 2: Fundamental Analysis - There has been a 0.5% increase in the consensus EPS estimate for CSGP over the last 30 days, indicating strong agreement among analysts regarding the company's improved earnings potential [3]. - CSGP holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [3].

Group 1 - The analyst has given a buy rating to CoStar Group (NASDAQ: CSGP) stock, anticipating accelerated growth in the upcoming periods [1] - The investment approach focuses on identifying undervalued companies with long-term growth potential, blending value investing principles with a long-term growth focus [1] - The strategy involves purchasing quality companies at a discount to their intrinsic value and holding them to allow for compounding of earnings and shareholder returns [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 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 csgp-logoa01a22.jpg CoStar Group, Inc. (Exact name of registrant as specified in its charter) Delaware 52-2091509 (St ...

CoStar posted disappointing results in its earnings report. Shares of CoStar Group (CSGP -9.03%), the leading commercial real estate listing platform, were falling after the company delivered disappointing results in its third-quarter earnings report today. As a result, the stock was down 9.1% as of 11:08 a.m. ET on the news. CoStar's growth isn't enough CoStar reported 11% revenue growth to $692.6 million, though that was short of the consensus at $696.1 million. The performance marked its 54th consecutive ...

CoStar Group (CSGP) reported non-GAAP earnings of 22 cents per share in third-quarter 2024, which surpassed the Zacks Consensus Estimate by 37.50% but plunged 26.7% year over year.Revenues of $693 million missed the Zacks Consensus Estimate by 0.55% and increased 10.9% year over year. The upside was driven by robust performance in key segments.CSGP raised its top-line guidance for fiscal 2024 based on the third-quarter 2024 results and robust performance in key segments.The company’s shares have plunged 12. ...

Financial Data and Key Metrics Changes - CoStar Group reported Q3 2024 revenue of $693 million, an 11% increase year-over-year, marking the 54th consecutive quarter of double-digit growth [5] - Net income grew to $53 million, up from $7 million in Q1 2024, while adjusted EBITDA reached $76 million, exceeding guidance [6][49] - The profit margin for commercial information and marketplace businesses increased to 43% in Q3 2024 [6] Business Line Data and Key Metrics Changes - CoStar revenue grew by 10% in Q3 2024, maintaining a full-year guidance of 10% growth [46] - Apartments.com revenue increased by 16% in Q3 2024, with a full-year guidance of 17% growth [47] - LoopNet revenue grew by 5% in Q3 2024, in line with mid-single-digit growth guidance [47] - Homes.com generated $28 million in revenue for Q3 2024, with expectations to reach approximately $100 million for the full year [47] Market Data and Key Metrics Changes - The commercial real estate market has shown signs of improvement, with leasing volume returning to pre-pandemic levels [41] - The multifamily sector absorbed 174,000 units, indicating strong demand despite elevated vacancy rates [40] - The office sector experienced an all-time high in vacancy rates, but early signs of recovery are emerging [41] Company Strategy and Development Direction - CoStar Group is focused on expanding its sales force across all product lines, including CoStar, Apartments.com, LoopNet, and Homes.com, to capitalize on market opportunities [45][46] - The company is investing in building a dedicated sales force for Homes.com, aiming to enhance its market presence and revenue generation [30] - CoStar's strategy emphasizes reinvestment into growth rather than maximizing short-term margins, positioning itself for long-term shareholder value [35][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth in 2025, anticipating a shift from headwinds to tailwinds as market conditions improve [51][52] - The company is confident in its ability to grow its customer base and revenue despite current market challenges [39] - Management highlighted the importance of the Homes.com product and its potential to capture significant market share in the residential real estate sector [19][20] Other Important Information - CoStar Group has a strong balance sheet with $4.9 billion in cash and a net interest income of $56 million [49] - The company announced the acquisition of Visual Lease, expected to enhance its real estate management services [38][50] Q&A Session Summary Question: How is the growth outlook for businesses like Suite and LoopNet in 2025? - Management noted that improvements in the commercial real estate market could provide a tailwind for growth, with opportunities to expand penetration rates into various customer segments [51][52] Question: Can you elaborate on the recent uptick in sales and the distractions faced? - Management acknowledged that while there was an uptick in CoStar sales, the dual focus on Homes.com distracted sales teams from their core products, leading to a temporary slowdown [54][55] Question: What are the potential seasonality effects on the Homes.com business? - Management indicated that early challenges were more related to the sales force's inexperience with the new product rather than seasonality, and they expect high renewal rates from agents with consistent listings [59][60]

CoStarGroup™ Third Quarter 2024 Investor Presentation Legal Disclaimer This news release and the Company's earnings conference call contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," ...

For the quarter ended September 2024, CoStar Group (CSGP) reported revenue of $692.6 million, up 10.9% over the same period last year. EPS came in at $0.22, compared to $0.30 in the year-ago quarter. The reported revenue represents a surprise of -0.55% over the Zacks Consensus Estimate of $696.45 million. With the consensus EPS estimate being $0.16, the EPS surprise was +37.50%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

CoStar Group (CSGP) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.09 per share when it actually produced earnings of $0.15, delivering a surprise of ...