CoStar Group (CSGP) Q2 Earnings and Revenues Beat Estimates

Group 1: Earnings Performance - CoStar Group reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, and up from $0.15 per share a year ago [1] - The earnings surprise for this quarter was +21.43%, following a previous surprise of +27.27% when earnings were $0.14 against an expected $0.11 [2] - Over the last four quarters, CoStar has consistently surpassed consensus EPS estimates [2] Group 2: Revenue Performance - The company posted revenues of $781.3 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.25%, and up from $677.8 million year-over-year [3] - CoStar has topped consensus revenue estimates three times over the last four quarters [3] Group 3: Stock Performance and Outlook - CoStar shares have increased approximately 18.8% since the beginning of the year, compared to a 7.2% gain in the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $794.3 million, and for the current fiscal year, it is $0.76 on revenues of $3.13 billion [8] Group 4: Industry Context - The Computers - IT Services industry, to which CoStar belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact CoStar's stock performance [6]