CoStar Group (CSGP) Q1 Earnings and Revenues Surpass Estimates

Group 1: Earnings Performance - CoStar Group reported quarterly earnings of $0.14 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and up from $0.10 per share a year ago [1] - The earnings surprise for the quarter was 27.27%, following a previous quarter where actual earnings of $0.26 per share surpassed expectations of $0.22 per share by 18.18% [2] - Over the last four quarters, CoStar has consistently surpassed consensus EPS estimates [2] Group 2: Revenue Performance - CoStar's revenues for the quarter ended March 2025 were $732.2 million, surpassing the Zacks Consensus Estimate by 1.78% and up from $656.4 million year-over-year [3] - The company has exceeded consensus revenue estimates three times in the last four quarters [3] Group 3: Stock Performance and Outlook - CoStar shares have increased approximately 14.2% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $747.83 million, and for the current fiscal year, it is $0.93 on revenues of $3.04 billion [8] Group 4: Industry Context - The Computers - IT Services industry, to which CoStar belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of CoStar's stock may be influenced by the overall outlook for the industry [9]