SUNNYVALE, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), The spatial data company leading the digital transformation of the built world, announced today that it has entered into a definitive agreement with CoStar Group, Inc., a leading provider of online real estate marketplaces, information and analytics in the property markets, pursuant to which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representin ...

CoStar Group (CSGP) is slated to report its first-quarter 2024 earnings on Apr 23.The company expects revenues between $645 million and $650 million, indicating growth of 11% year over year at the midpoint of the range. Earnings are expected between 6 and 7 cents per share.For the first quarter, the Zacks Consensus Estimate for revenues is currently pegged at $649.27 million, suggesting growth of 11.11% from the year-ago quarter’s levels.The consensus mark for earnings has remained unchanged at 6 cents per ...

Analysts on Wall Street project that CoStar Group (CSGP) will announce quarterly earnings of $0.06 per share in its forthcoming report, representing a decline of 79.3% year over year. Revenues are projected to reach $649.27 million, increasing 11.1% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 28.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial esti ...

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 ...

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 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 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 ...

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 ...

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) 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 ...