CoStar Group (CSGP 1.89%), a provider of real estate information and analytics, released its fourth quarter 2024 earnings on Feb. 18, 2025. The company reported revenue of $709 million, exceeding the analyst estimate of $701 million and reaching the upper limit of its own guidance range of $693 million to $703 million.
CSGP's fourth-quarter 2024 top line is likely to have reflected a robust portfolio of marketplaces, which includes Apartments.com, LoopNet and Homes.com.
Besides Wall Street's top -and-bottom-line estimates for CoStar (CSGP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
CoStar (CSGP) reported earnings 30 days ago. What's next for the stock?
Investors need to pay close attention to CoStar Group (CSGP) stock based on the movements in the options market lately.
It's time to take a contrarian angle on the stock market.
CoStar Group Inc. has a significant moat with extensive intangible assets and a dominant position in commercial real estate information and analytics. Despite initial skepticism, deeper analysis reveals CoStar's consistent net profit growth and strong competitive positioning, making it a solid long-term investment. The company's strategic acquisitions, particularly in the multifamily segment, have significantly boosted net profit, with an average growth rate of 26.3% from 2014 to 2023.
CoStar (CSGP) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
I reiterate my bullish view on CoStar Group stock due to solid growth outlook. CSGP's latest earnings showed 10.9% revenue growth, missing expectations, but EPS beat consensus; the residential segment grew 169% y/y, driven by Homes.com monetization. Fundamentals remain strong; commercial businesses grew high-single-digits y/y despite macro challenges; Homes.com network's momentum continues with significant sales rep expansion planned.
CoStar posted disappointing results in its earnings report.
CSGP's third-quarter 2024 results reflect solid top-line growth, led by robust performance in key segments.
CoStar Group, Inc. (NASDAQ:CSGP ) Q3 2024 Earnings Conference Call October 22, 2024 5:00 PM ET Company Participants Rich Simonelli - Head of IR Andrew Florance - Founder and CEO Chris Lown - CFO Conference Call Participants Stephen Sheldon - William Blair Jeff Meuler - Baird Peter Christiansen - Citi Ryan Tomasello - KBW George Tong - Goldman Sachs John Campbell - Stephens Inc. Surinder Thind - Jefferies Ashish Sabadra - RBC Operator Good day and thank you for standing by. Welcome to the Q3 2024 CoStar Group Earnings Conference Call.