CoStar (CSGP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
CoStar Group (CSGP) reported $624.67 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 12.2%. EPS of $0.30 for the same period compares to $0.30 a year ago.
The reported revenue represents a surprise of -0.16% over the Zacks Consensus Estimate of $625.65 million. With the consensus EPS estimate being $0.30, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CoStar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- CoStar: $233.36 million versus $233.78 million estimated by two analysts on average.
Revenues- Information service: $44.64 million compared to the $44.20 million average estimate based on two analysts.
Revenues- Other Marketplaces: $33.56 million versus the two-analyst average estimate of $34.18 million.
Revenues- LoopNet: $67.48 million compared to the $66.13 million average estimate based on two analysts.
Revenues- Residential: $10.29 million versus the two-analyst average estimate of $11.30 million.
Revenues- Multifamily: $235.34 million versus the two-analyst average estimate of $237.20 million.
View all Key Company Metrics for CoStar here>>>
Shares of CoStar have returned -6.2% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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CoStar Group, Inc. (CSGP) : Free Stock Analysis Report
