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NASDAQ:CSGP
CoStar Group Stock Earnings Reports
$81.83
+0.96 (+1.19%)
At Close: Apr 23, 2025
CoStar Group Earnings Calls
Q1 2025
(Upcoming)
| Release date | Apr 29, 2025 |
| EPS estimate | $0.110 |
| EPS actual | - |
| Revenue estimate | 729.554M |
| Revenue actual | - |
| Expected change | +/- 2.66% |
Q4 2024
Beat
$0.260 (18.18%)
| Release date | Feb 18, 2025 |
| EPS estimate | $0.220 |
| EPS actual | $0.260 |
| EPS Surprise | 18.18% |
| Revenue estimate | 701.011M |
| Revenue actual | 709.4M |
| Revenue Surprise | 1.20% |
Q3 2024
Beat
$0.220 (35.30%)
| Release date | Oct 22, 2024 |
| EPS estimate | $0.163 |
| EPS actual | $0.220 |
| EPS Surprise | 35.30% |
| Revenue estimate | 695.909M |
| Revenue actual | 692.6M |
| Revenue Surprise | -0.475% |
Q2 2024
Beat
$0.150 (43.13%)
| Release date | Jul 23, 2024 |
| EPS estimate | $0.105 |
| EPS actual | $0.150 |
| EPS Surprise | 43.13% |
| Revenue estimate | 677.268M |
| Revenue actual | 677.8M |
| Revenue Surprise | 0.0785% |
Last 4 Quarters for CoStar Group
Below you can see how CSGP performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Beat
| Release date | Jul 23, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $74.84 |
| EPS estimate | $0.105 |
| EPS actual | $0.150 |
| EPS surprise | 43.13% |
| Date | Price |
|---|---|
| Jul 17, 2024 | $75.92 |
| Jul 18, 2024 | $75.27 |
| Jul 19, 2024 | $74.40 |
| Jul 22, 2024 | $75.51 |
| Jul 23, 2024 | $74.84 |
| Jul 24, 2024 | $76.35 |
| Jul 25, 2024 | $77.84 |
| Jul 26, 2024 | $78.51 |
| Jul 29, 2024 | $78.79 |
| 4 days before | -1.42% |
| 4 days after | 5.28% |
| On release day | 2.02% |
| Change in period | 3.78% |
Q3 2024
Beat
| Release date | Oct 22, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $76.87 |
| EPS estimate | $0.163 |
| EPS actual | $0.220 |
| EPS surprise | 35.30% |
| Date | Price |
|---|---|
| Oct 16, 2024 | $77.23 |
| Oct 17, 2024 | $78.33 |
| Oct 18, 2024 | $79.25 |
| Oct 21, 2024 | $77.36 |
| Oct 22, 2024 | $76.87 |
| Oct 23, 2024 | $72.82 |
| Oct 24, 2024 | $73.91 |
| Oct 25, 2024 | $74.48 |
| Oct 28, 2024 | $74.31 |
| 4 days before | -0.466% |
| 4 days after | -3.33% |
| On release day | -5.27% |
| Change in period | -3.78% |
Q4 2024
Beat
| Release date | Feb 18, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $75.62 |
| EPS estimate | $0.220 |
| EPS actual | $0.260 |
| EPS surprise | 18.18% |
| Date | Price |
|---|---|
| Feb 11, 2025 | $76.00 |
| Feb 12, 2025 | $73.27 |
| Feb 13, 2025 | $73.56 |
| Feb 14, 2025 | $74.06 |
| Feb 18, 2025 | $75.62 |
| Feb 19, 2025 | $79.21 |
| Feb 20, 2025 | $78.33 |
| Feb 21, 2025 | $76.79 |
| Feb 24, 2025 | $77.49 |
| 4 days before | -0.500% |
| 4 days after | 2.47% |
| On release day | 4.75% |
| Change in period | 1.96% |
Q1 2025
(Upcoming)
| Release date | Apr 29, 2025 |
| Fiscal end date | Mar 30, 2025 |
| Price on release | - |
| EPS estimate | $0.110 |
| EPS actual | - |
| Date | Price |
|---|---|
| Apr 16, 2025 | $79.02 |
| Apr 17, 2025 | $79.70 |
| Apr 21, 2025 | $77.81 |
| Apr 22, 2025 | $80.87 |
| Apr 23, 2025 | $81.83 |
CoStar Group Earnings Call Transcript Summary of Q4 2024
Q4 Financial Overview
Q4 revenue was $709 million, also up 11% year-over-year.
- Profitability: Adjusted EBITDA for 2024 was $241 million, with a margin of 9%. In Q4 alone, adjusted EBITDA was $112 million, significantly exceeding guidance.
- Net Income: Grew substantially from $7 million in Q1 to $60 million in Q4 2024.
Key Business Segments
- CoStar: Revenue of $1.02 billion in 2024, a 10% growth YoY. Subscriber base grew to over 240,000, with strong renewal rates at 92%.
- Apartments.com: Revenue of $276 million in Q4. The platform dominated the market with a unique visitor count of 35 million per month in Q4 and a 94% NPS score.
- LoopNet: Reported a 6% annual revenue growth. Expecting mid-single-digit growth in 2025 as the sales strategy shifts to an asset-based pricing model.
- Homes.com: Launched a year ago, it has become the second-largest U.S. real estate portal with 110 million monthly visitors. There are plans to expand the dedicated salesforce to 500 by the end of 2025.
Market Outlook
- Real Estate Sector Recovery: The commercial real estate market started showing signs of recovery towards the end of 2024, with improved demand for office spaces and declining vacancy rates observed. Expectation of stronger rent growth and capital appreciation in upcoming years.
- International Expansion: Continued growth in Europe, with launches planned in markets like France and Spain, with a strategy focused on consolidating operations for better efficiency.
Guidance for 2025
- Revenue expectation of $2.985 billion to $3.015 billion, suggesting a 9% to 10% growth.
- Q1 2025 revenue guidance predicts a range of $711 million to $716 million, indicating a 9% year-over-year growth.
- Adjusted EBITDA for 2025 is projected between $375 million and $405 million.
Strategic Initiatives
- Growth in the salesforce by 35% (from 1,390 to 1,890 sales personnel) is planned to capture market opportunities.
- Investment in content and digital solutions, particularly for corporate real estate management through integration with Visual Lease, remains a focus.
- A $500 million share buyback program is being initiated, with the first $150 million to offset non-cash compensation.
A strategic focus on increasing sales force capacity, enhanced product offerings, and expansion into new markets emphasizes their potential for continued growth. Investors should take note of the positive trends in the commercial real estate sector and the opportunities driven by Homes.com and international expansion.
CoStar Group Earnings History
Earnings Calendar
FAQ
When is the earnings report for CSGP?
CoStar Group (CSGP) has scheduled its earnings report for Apr 29, 2025 after the markets close.
What is the CSGP price-to-earnings (P/E) ratio?
CSGP P/E ratio as of Apr 23, 2025 (TTM) is 228.27.
What is the CSGP EPS forecast?
The forecasted EPS (Earnings Per Share) for CoStar Group (CSGP) for the first fiscal quarter 2025 is $0.110.
What are CoStar Group's retained earnings?
On its balance sheet, CoStar Group reported retained earnings of $709.40 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
