Australia's Domain Holdings said on Monday it has granted CoStar exclusive due diligence access for the U.S. property data group's revised buyout proposal which values the real estate classifieds firm at A$2.80 billion ($1.76 billion).
U.S. real-estate analytics provider CoStar raised its proposed offer for Domain, telling Australia's second-largest property advertiser that US$1.92 billion is its top price unless a rival suitor emerges.
CoStar (CSGP) reported earnings 30 days ago. What's next for the stock?
I maintain a buy rating for CoStar Group due to its promising growth outlook, driven by strong performance in Apartments.com and Homes.com. CSGP's latest earnings report showed 11% y/y revenue growth to $709 million, with adj EBITDA up 47% sequentially, demonstrating strong operating leverage. Apartments.com continues to dominate with 13.4% y/y revenue growth in 4Q24, benefiting from high multifamily vacancy rates and strong pricing power.
Australia's Domain Holdings said on Friday that U.S. online real estate firm CoStar had offered to buy the property classifieds firm in a deal valuing it at A$2.65 billion ($1.70 billion).
CSGP's fourth-quarter 2024 results reflect solid y/y top-line growth and expanding market reach, but rising expenses act as headwinds.
CoStar Group, Inc. (NASDAQ:CSGP ) Q4 2024 Earnings Conference Call February 18, 2025 5:00 PM ET Company Participants Richard Simonelli - Head of IR Andrew Florance - Founder & CEO Christian Lown - CFO Conference Call Participants John Campbell - Stephens Peter Christiansen - Citi Ryan Tomasello - KBW Alexei Gogolev - JPMorgan Stephen Sheldon - William Blair Jeff Meuler - Baird Operator Good day, and thank you for standing by. Welcome to the Q4 2024 CoStar Group Earnings Conference Call.
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.