CoStar Group Second Quarter 2024 Revenue Increased 12% Year-over-Year and Net New Bookings were $67 Million. CoStar Group Reaches a Record 183 Million Average Monthly Unique Visitors. "We achieved another strong quarter of results in terms of revenue, sales and traffic to our websites," said Andy Florance, Founder and CEO of CoStar Group. "Overall revenue grew 12% year-over-year, and our two billion-dollar run rate businesses continue to deliver double-digit revenue growth with Apartments.com growing at 18% ...

For the second quarter, the Zacks Consensus Estimate for revenues is currently pegged at $678.15 million, suggesting growth of 11.92% from the year-ago quarter's levels. Let's see how things have shaped up for the upcoming announcement. The strengthening international segment and the positive outlook for real estate marketplaces are expected to have bolstered LoopNet's performance in the quarter under review. It expects revenues between $674 million and $679 million, indicating growth of 12% year over year ...

I wrote a Deep Dive on CSGP back in January 2024, so I would suggest reading my Deep Dive for a more comprehensive discussion on the company. I will mostly highlight a couple of points in this piece. Such countercyclical dynamic makes it much more likely that even in a "GFC" scenario, CoStar's revenue may continue to increase." CSGP is one of those rare companies that grew its revenues double-digit for each of the last 51 quarters. CSGP guided for $5 Bn revenue in 2027 even though consensus estimates today ...

2d illustrations and photos Introduction I previously covered CoStar (NASDAQ:CSGP) back in January, rating the company as a 'Strong Buy,' something I've rarely assigned to the companies I've written about. At the time, I praised the company for disrupting the commercial real estate industry. It has created several marketplaces, building network effects and scale. It also built a huge database of information and tools that are crucial for agents to find data on a property's construction, prior sales, market ...

A near 30% hit to shares of CoStar Group Inc (NASDAQ: CSGP) spells opportunity to buy a quality name at a discount, says Nicholas Jones – a JMP Securities analyst. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Copy link to section Jones announced a price target of $110 for CoStar stock in a research note today that signals potential for a whopping 50% gain from here. The analyst is super bullish on CSGP because he recently had a meeting with the co ...

It has been about a month since the last earnings report for CoStar Group (CSGP) . Shares have lost about 5.2% in that time frame, underperforming the S&P 500. CoStar revenues (38.1% of revenues) of $250.3 million missed the consensus estimate by 0.30% and increased 11.2% year over year. Apartments.com revenues increased 21% year over year. In the first quarter, both Apartments.com and CoStar generated more than $1 billion in sales. Net new bookings in the first quarter amounted to $86 million. Information ...

Liquidity and Capital Resources 41 Net cash provided by operating activities for the three months ended March 31, 2024 was $140 million compared to $123 million for the three months ended March 31, 2023. The $16 million increase in cash provided by operating activities was primarily driven by an increase in working capital of $76 million, offset by a decrease in net income. The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assum ...

CoStar Group (CSGP) reported non-GAAP earnings of 10 cents per share in first-quarter 2024, surpassing the Zacks Consensus Estimate by 66.67% but dropping 65.5% year over year.Revenues of $656.4 million beat the Zacks Consensus Estimate by 1.10% and increased 12.3% year over year. The upside was driven by robust performance in key segments.Top-Line DetailsCoStar revenues (38.1% of revenues) of $250.3 million missed the consensus estimate by 0.30% and increased 11.2% year over year. Apartments.com revenues i ...

CoStar Group, Inc. (NASDAQ:CSGP) Q1 2024 Earnings Conference Call April 23, 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 Peter Christiansen - Citi George Tong - Goldman Sachs Alexei Gogolev - JPMorgan Ryan Tomasello - KBW Stephen Sheldon - William Blair Surinder Thind - Jefferies Heather Balsky - Bank of America Operator Good day and thank you for standi ...

CoStar Group (CSGP) reported $656.4 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.3%. EPS of $0.10 for the same period compares to $0.29 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $649.27 million, representing a surprise of +1.10%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...