Core Insights - Amdocs (DOX) and CoStar Group (CSGP) are both considered attractive stocks in the Computers - IT Services sector, but a deeper analysis is needed to determine which is more appealing to value investors [1][3] Valuation Metrics - Both Amdocs and CoStar Group currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions for both companies [3] - Amdocs has a forward P/E ratio of 11.03, significantly lower than CoStar Group's forward P/E of 91.89, suggesting Amdocs may be undervalued [5] - The PEG ratio for Amdocs is 1.25, while CoStar Group's PEG ratio is 2.18, further indicating Amdocs offers better value based on expected EPS growth [5] - Amdocs has a P/B ratio of 2.67 compared to CoStar Group's P/B of 3.8, reinforcing the notion that Amdocs is the superior value option [6] - Amdocs has a Value grade of A, while CoStar Group has a Value grade of F, highlighting the disparity in their valuation metrics [6]

Core Viewpoint - CoStar Group, Inc. continues to support Matterport Spaces and refutes Zillow's claims of restricting the use of Matterport 3D virtual tours outside of CoStar-owned sites [1] Company Summary - CoStar Group, Inc. is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology [1] - The company emphasizes its commitment to Matterport Spaces across all media channels [1] Industry Context - Zillow is accused of engaging in anti-consumer conduct by making false claims regarding CoStar Group's use of Matterport 3D virtual tours [1]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for CoStar Group (CSGP) despite higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - CoStar is expected to report quarterly earnings of $0.18 per share, reflecting a year-over-year decrease of 18.2%, while revenues are projected to be $826.06 million, an increase of 19.3% from the previous year [3]. - The consensus EPS estimate has been revised 2.27% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [12]. - CoStar holds a Zacks Rank of 2, which complicates predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, CoStar exceeded expectations by delivering earnings of $0.17 per share against an expected $0.14, resulting in a surprise of +21.43% [13]. - Over the past four quarters, CoStar has consistently beaten consensus EPS estimates [14]. Market Reaction Considerations - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [15]. - While CoStar may not appear to be a strong candidate for an earnings beat, other factors should be considered when evaluating the stock ahead of its earnings release [17].

Core Insights - Homes.com, a leading online residential marketplace by CoStar Group, reported a 2% increase in national home prices in September compared to the same month last year [1] - The median home price reached $385,000, which is an increase of $7,000 from September of the previous year [1] Price Trends - National home price appreciation continued in September, indicating a stable upward trend in the housing market [1] - The report includes analysis of price trends across major metropolitan areas and different types of houses, reflecting a comprehensive view of the market dynamics [1]

Core Insights - CoStar Group, Inc. (CSGP) has a market capitalization of $32 billion and is a leading provider of information, analytics, and online marketplace services for the global commercial real estate industry [1] - The company is expected to report a fiscal Q3 2025 EPS of $0.10, reflecting a 44.4% decrease from $0.18 in the same quarter last year, although it has a history of exceeding Wall Street estimates [2] - For fiscal 2025, analysts forecast an EPS of $0.51, down 5.6% from $0.54 in fiscal 2024, but anticipate a significant increase to $1.18 in fiscal 2026, representing a 131.4% year-over-year surge [3] Stock Performance - CSGP stock has increased by 1% over the past 52 weeks, underperforming the S&P 500 Index, which rose by 13.4%, but outperformed the Real Estate Select Sector SPDR Fund, which decreased by 5.4% [4] - Following the release of Q2 2025 results, CSGP shares rose by 6.9% after reporting an adjusted EPS of $0.17 and revenue of $781.3 million, driven by a 65% increase in net new bookings [5] Analyst Ratings - The consensus rating for CSGP stock is "Moderate Buy," with 17 analysts covering the stock: nine recommend "Strong Buy," two suggest "Moderate Buy," five advise "Hold," and one rates it as "Strong Sell" [6] - The average analyst price target for CoStar Group is $97, indicating a potential upside of 28.3% from current levels [6]

Core Insights - U.S. apartment rents experienced a decline in September 2025, with the national average dropping to $1,712, representing a 0.3% decrease from August's revised figure of $1,717 [1] - This decline marks the third consecutive month of either flat or negative rent changes, indicating a potential trend in the multifamily rental market [1] - The September decline is noted as the steepest in over 15 years, highlighting significant shifts in rental pricing dynamics [1] Rent Trends - The national average rent of $1,712 reflects a notable decrease compared to previous months, emphasizing a broader trend of declining rents in the multifamily sector [1] - The report indicates that annual rent growth has slowed, suggesting potential challenges for landlords and investors in the multifamily market [1]

Core Insights - Amdocs (DOX) and CoStar Group (CSGP) are both considered for investors looking for undervalued stocks in the IT Services sector [1] - The Zacks Rank system indicates both companies have a rank of 2 (Buy), suggesting positive earnings outlooks [3] Valuation Metrics - DOX has a forward P/E ratio of 10.85, while CSGP has a significantly higher forward P/E of 96.22 [5] - The PEG ratio for DOX is 1.23, compared to CSGP's PEG ratio of 2.26, indicating DOX may be more reasonably valued relative to its expected earnings growth [5] - DOX's P/B ratio is 2.62, while CSGP's P/B ratio is 4, further supporting the argument that DOX is undervalued [6] Value Grades - Based on the valuation metrics, DOX has earned a Value grade of B, whereas CSGP has received a Value grade of F [6] - The analysis suggests that despite both companies having solid earnings outlooks, DOX is currently the superior value option [7]

Core Points - CoStar Group, Inc. will announce its financial results for Q3 2025 on October 28, 2025, after market close [1] - A conference call will be held at 5:00 PM EDT on the same day to discuss the results and the company's outlook [1] Company Overview - CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets [1]

Core Insights - U.S. RevPAR has declined for the week ending 20 September, falling by 1.4%, primarily driven by a drop in occupancy rates [1][2][4] - The decline in occupancy has persisted for 118 days since May, with average daily rate (ADR) also experiencing a slight decrease of 0.3% [2][4][34] - The Top 25 Markets contributed significantly to the overall RevPAR decrease, with a collective drop of 2.8% [7][8] U.S. Market Performance - RevPAR has fallen year-over-year in 16 of the 20 days processed for September, with occupancy being the main factor [4][34] - Houston and New Orleans were notable contributors to the decline in the Top 25 Markets, with New Orleans experiencing a weekend drop of 41.5% [7][8] - Weekend RevPAR in the Top 25 Markets has decreased for four consecutive weeks, with the latest drop being the largest [9] Global Market Trends - Global RevPAR, excluding the U.S., increased by 5.6%, driven mainly by occupancy growth [25][27] - China was a significant factor in the slowdown of global ADR growth, with a 13.1% increase in RevPAR despite lower ADR growth [27] - Germany and France reported strong RevPAR growth due to events, with Germany's RevPAR increasing by 52.3% in Munich [29][30] Future Outlook - The short-term outlook for U.S. RevPAR appears unfavorable, with expectations of continued challenges due to upcoming Jewish observances and difficult comparisons to last year's Hurricane Helene [34] - September's month-to-date RevPAR shows a 0.8% gain, but is expected to end negatively on a day-matched basis, down 1.3% [34]

Core Insights - Parnassus Mid Cap Growth Fund reported a return of 13.29% for Q2 2025, underperforming the Russell Midcap Growth Index which returned 18.20% [1] - Stock selection in the Industrials and Information Technology sectors negatively impacted performance, while holdings in the Financials sector contributed positively [1] Company Focus: CoStar Group, Inc. - CoStar Group, Inc. (NASDAQ:CSGP) is highlighted as a key investment, providing information, analytics, and online marketplace services for the real estate industry [2][3] - The stock experienced a one-month return of -6.95% but gained 12.47% over the last 52 weeks, closing at $84.05 with a market capitalization of $35.608 billion on September 24, 2025 [2] - Parnassus expects CoStar's return on capital to improve as management refocuses on core businesses, anticipating favorable outcomes due to double-digit earnings growth in its core business and improved profitability in its Homes.com marketplace [3] Hedge Fund Interest - CoStar Group, Inc. was held by 59 hedge fund portfolios at the end of Q2 2025, an increase from 51 in the previous quarter [4] - Despite the potential of CoStar as an investment, the company notes that certain AI stocks may offer greater upside potential with less downside risk [4]