Why Is CoStar (CSGP) Up 0.2% Since Last Earnings Report?

Core Viewpoint - CoStar Group (CSGP) has seen a slight increase in share price of approximately 0.2% since its last earnings report, outperforming the S&P 500, but estimates have trended downward significantly, indicating potential challenges ahead [1][2]. Group 1: Earnings and Estimates - The consensus estimate for CoStar has shifted downward by 41.46% over the past month, reflecting a negative trend in earnings expectations [2]. - CoStar's most recent earnings report is crucial for understanding the key drivers affecting its stock performance [1]. Group 2: VGM Scores - CoStar currently holds a poor Growth Score of F, a Momentum Score of F, and a Value Score of F, placing it in the lowest quintile for investment strategies [3]. - The aggregate VGM Score for CoStar is F, indicating a lack of attractiveness across multiple investment strategies [3]. Group 3: Outlook - The overall trend of downward revisions in estimates suggests a negative outlook for CoStar, with a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4]. Group 4: Industry Comparison - CoStar is part of the Zacks Computers - IT Services industry, where Jack Henry (JKHY) has performed better, gaining 5.9% over the past month [5]. - Jack Henry reported revenues of $573.85 million for the last quarter, reflecting a year-over-year increase of 5.2%, with EPS rising from $1.22 to $1.34 [5]. - For the current quarter, Jack Henry is expected to post earnings of $1.35 per share, indicating a year-over-year change of 13.5% [6].