Led by International Business Machines (IBM), several trending tech stocks are set to report their third quarter results on Tuesday, October 22.
CSGP's third-quarter 2024 top line is likely to have reflected a robust portfolio of marketplaces, which includes Apartments.com, LoopNet and Homes.com.
Get a deeper insight into the potential performance of CoStar (CSGP) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Most investors inconsistently view quarterly earnings as a catalyst for stock prices upon the news release. They often find themselves trapped in the volatility of sudden moves and face the risk of large—or total, in the case of options—losses if the direction of the stock after the announcement goes the wrong way.
Most investors are under the impression that lower interest rates coming from the Fed might mean lower returns. While that might be true for some industries and companies, some in the technology sector seem to have a chance at another outperforming rally before the year is over.
Investors need to pay close attention to CoStar (CSGP) stock based on the movements in the options market lately.
CoStar Group's (CSGP) second-quarter 2024 results reflect solid top-line growth, led by robust performance in key segments.
CoStar Group, Inc. (NASDAQ:CSGP ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Cyndi Eakin - Head, IR Andrew Florance - Founder and CEO Chris Lown - CFO Conference Call Participants Peter Christiansen - Citi Alexei Gogolev - JPMorgan George Tong - Goldman Sachs Heather Balsky - Bank of America Soham Bhonsle - BTIG Jeff Meuler - Baird John Campbell - Stephens Nick Jones - Citizens JMP Operator Good day everyone and thank you for standing by. Welcome to this Q2 2024 CoStar Group Earnings Call.
While the top- and bottom-line numbers for CoStar (CSGP) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
CoStar Group (CSGP) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.31 per share a year ago.
CoStar Group's (CSGP) second-quarter 2024 top line is likely to reflect a robust portfolio of marketplaces, which includes Apartments.com, LoopNet and Homes.com.
I have started a ~3% position in CoStar at $71/share and would like to increase the position to ~5% if the stock goes down to ~$60. At current $25 Bn EV, the company is currently trading at ~20x NTM EV/EBITDA multiple. This is capex light business, so EBITDA can be considered a reasonable proxy for FCF here.