The headline numbers for CoStar (CSGP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CoStar Group (CSGP) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.33 per share a year ago.
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.