CoStar Group Beats Q3 Earnings Estimates: Will Raised View Aid Shares?

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. ...