Seeking Clues to CoStar (CSGP) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Insights - CoStar Group (CSGP) is expected to report quarterly earnings of $0.14 per share, a decline of 6.7% year-over-year, with revenues forecasted at $771.67 million, reflecting a 13.8% increase compared to the same period last year [1] Earnings Estimates - The consensus EPS estimate for the quarter has not changed over the past 30 days, indicating that analysts have maintained their initial projections [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - The consensus estimate for CoStar's total revenues is $267.89 million, indicating a year-over-year change of +5.9% [5] - Analysts project 'Revenues- Information Services' to reach $36.74 million, reflecting a +10% change from the prior-year quarter [5] - 'Revenues- Other Marketplaces' are expected to be $50.20 million, showing a significant increase of +60.9% year-over-year [5] - 'Revenues- LoopNet' is forecasted at $74.65 million, indicating a +6.9% change [6] - 'Revenues- Residential' is expected to be $31.02 million, reflecting an +18.4% increase [6] - The average prediction for 'Revenues- Multifamily' stands at $293.26 million, indicating an +11% change from the prior-year quarter [6] Stock Performance - CoStar shares have increased by +7% in the past month, outperforming the Zacks S&P 500 composite, which has risen by +4.2% [6] - CoStar holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6]