CSGP

A month has gone by since the last earnings report for CoStar Group (CSGP). Shares have added about 7.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CoStar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. CoStar Group reported adjusted earnings of 32 cents per share for the second quarter of 2026, up 88.2% year over year. The figure surpassed the Zacks Consensus Estimate by 14.29%.Revenues increased 18.4% year over year to $925 million but missed the consensus estimate by 0.43%. Profitability benefited from disciplined expense management, while net new bookings rose 3% sequentially to $69 million. Commercial Real Estate revenues increased 7.8% year over year to $481 million and accounted for 52% of total revenues. Commercial adjusted EBITDA rose 6.8% to $172 million.Within the commercial portfolio, CoStar revenues advanced 8.7% to $337 million. LoopNet revenues climbed 14.5% to $87 million, supported by growth in paid listings. Other Commercial Real Estate revenues declined 5% to $57 million, primarily due to lower transaction volumes at Ten-X. Residential Real Estate revenues climbed 33% year over year to $444 million. The segment generated adjusted EBITDA of $12 million, marking the first time that the residential segment turned adjusted EBITDA positive and improving $41 million sequentially.Apartments.com revenues rose 9% to $318 million. Paid properties increased 12% to nearly 93,000, while monthly renewal rates remained at 99%. Average revenue per property declined 3.6%, primarily reflecting a sales mix shift toward smaller communities. Apartments.com generated revenues of $318 million, up 9% year over year. Paid properties increased 12% to nearly 93,000, while monthly renewal rates remained at 99%. Average revenue per property declined 3.6%, reflecting a shift toward smaller communities with lower average pricing.Homes.com revenues jumped 66% to $28.5 million. Agent subscribers more than doubled to over 36,000, while the monthly cancellation rate improved to 2.4% in June from 6.5% a year earlier. Management plans to introduce higher-priced Platinum advertising during the third quarter.CSGP launched Apartments.com AI in June. Users completed more than half a million sessions within a few weeks, spending about 20 minutes per session. AI users viewed twice as many listings, while 3D-tour usage rose 225% and traffic-to-lead conversion increased 256%. Operating expenses increased 1.9% year over year to $652 million, significantly slower than revenue growth. Selling and marketing expenses were unchanged at $395 million, while general and administrative expenses declined 6.6% to $114 million.Software development expenses rose 11.5% to $107 million and customer-base amortization increased 33.3% to $36 million.Operating income improved to $76 million from an operating loss of $27 million in the year-ago quarter. Adjusted EBITDA more than doubled to $184 million from $85 million. The adjusted EBITDA margin expanded 900 basis points to 20%, reaching the target level one quarter earlier than management had expected. Adjusted net income increased 73% to $128 million. Cash and cash equivalents were $1.27 billion as of June 30, 2026, compared with $1.63 billion at the end of 2025. Long-term debt was $994 million, broadly unchanged from $993 million at the end of 2025. For the six months ended June 30, 2026, net cash provided by operating activities totaled $267 million. CSGP repurchased $587 million of stock during the period, including $82.1 million in the second quarter. Management expects full-year repurchases of approximately $700 million. For the third quarter of 2026, CoStar expects revenues to be between $935 million and $945 million, adjusted EBITDA of $190-$210 million, and adjusted earnings of 31-34 cents per share. Commercial revenues are projected at $489-$494 million, while Residential revenues are expected between $446 million and $451 million.For 2026, CoStar revised its revenue outlook to $3.715-$3.755 billion. The company affirmed adjusted EBITDA guidance of $780-$820 million and projected adjusted EPS of $1.32-$1.39.The lower revenue outlook reflects restructuring at Ten-X, sales-force optimization at Homes.com and pricing discipline at Apartments.com. Since the earnings release, investors have witnessed a downward trend in fresh estimates. The consensus estimate has shifted -11.11% due to these changes. Currently, CoStar has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock has a score of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, CoStar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. CoStar is part of the Zacks Computers - IT Services industry. Over the past month, Roper Technologies (ROP), a stock from the same industry, has gained 1.3%. The company reported its results for the quarter ended June 2026 more than a month ago. Roper Technologies reported revenues of $2.11 billion in the last reported quarter, representing a year-over-year change of +8.5%. EPS of $5.38 for the same period compares with $4.87 a year ago. Roper Technologies is expected to post earnings of $5.79 per share for the current quarter, representing a year-over-year change of +12.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Roper Technologies. Also, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Roper Technologies, Inc. (ROP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Award recognizes the lease of approximately 55,846 square feet at 600 Beta Drive in Mayfield Village, Ohio, to Mars Electric MOUNT KISCO, N.Y., August 25, 2026--(BUSINESS WIRE)--Diamond Properties announced that Mark Blanford, Executive Vice President, and Jeff Haack, Leasing Manager, have been named winners of CoStar’s Q2 2026 Power Broker Quarterly Deals Award for completing a lease of approximately 55,846 square feet at 600 Beta Drive in Mayfield Village, Ohio, to Mars Electric. CoStar Group, Inc., a leading provider of commercial real estate information, analytics, and online marketplaces, recognizes Power Broker Quarterly Deals winners for significant commercial real estate transactions completed each quarter, based on price and square footage. The transaction provides Mars Electric with a substantial location to support its operations while bringing a new tenant to 600 Beta Drive. The lease reflects Diamond Properties’ hands-on approach to marketing available space, understanding tenant requirements, negotiating terms, and creating leasing solutions that strengthen occupancy and long-term property performance. Mark Blanford has been an integral member of Diamond Properties since the company’s inception. As Executive Vice President, he serves in several capacities, with a primary focus on leasing and tenant relations. Over the past 30 years, Mark’s efforts have helped Diamond Properties maintain consistently high occupancy rates throughout its portfolio. Mark is known for developing creative solutions for tenants with specialized or challenging space requirements. He also plays an important role in maintaining strong tenant relationships and high levels of satisfaction while guiding tenants through lease renewals and changing market conditions. Jeff Haack joined Diamond Properties on January 27, 2026, bringing five years of experience as a business owner and seven years of commercial leasing management experience. As Leasing Manager, he oversees the leasing process for a growing number of assigned properties, including marketing available spaces, generating and qualifying leads, coordinating property tours, negotiating lease terms, and finalizing transactions. Jeff also researches market conditions, maintains relationships with tenants and brokers, and develops targeted outreach strategies designed to reduce vacancies and strengthen overall portfolio performance. "Mark and Jeff’s recognition reflects the experience, persistence, and market knowledge they bring to the leasing process," said Jim Diamond, CEO of Diamond Properties. "The lease with Mars Electric at 600 Beta Drive demonstrates our team’s ability to understand a tenant’s space requirements, structure a successful transaction, and create long-term value for our properties." Diamond Properties congratulates Mark Blanford and Jeff Haack on receiving the CoStar Power Broker Quarterly Deals Award for Q2 2026. For more information about the CoStar Power Broker Awards, visit: https://www.costarpowerbrokers.com/about About Diamond Properties Diamond Properties is a commercial real estate company located in Mount Kisco, New York, that focuses on acquiring commercial properties with the potential for substantial improvement through hands-on property management, market repositioning, and capital upgrades. Founded in 1995, Diamond Properties has acquired more than 125 properties, including office, medical, industrial, retail, self-storage, residential, lodging, and land assets. The company currently owns more than 100 properties totaling approximately 17 million square feet across 13 states. About CoStar Group, Inc. CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate and empowering people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, LoopNet, Apartments.com, Homes.com, Domain, Matterport, STR, Ten-X, and OnTheMarket. Headquartered in Arlington, Virginia, the company serves clients around the world through its commercial and residential real estate platforms. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260825806433/en/ Contacts Media:Laressa GjonajDiamond Properties(914) [email protected]

Looking back on data & business process services stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including CoStar (NASDAQ:CSGP) and its peers. A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could be increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. The 9 data & business process services stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 1% while next quarter’s revenue guidance was 1.3% below. Thankfully, share prices of the companies have been resilient as they are up 7.8% on average since the latest earnings results. With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. CoStar reported revenues of $925 million, up 18.4% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with full-year revenue and EPS guidance in line with analysts’ estimates. “The second quarter marked a profitability inflection point for CoStar Group as Adjusted EBITDA more than doubled year-over-year to $184 million. We held operating cost growth to just 2%, and we delivered our 61st consecutive quarter of double-digit revenue growth," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. CoStar delivered the weakest guidance update and weakest full-year guidance update among its peers. Interestingly, the stock is up 6.9% since reporting and currently trades at $32.42. Read our full report on CoStar here, it’s free. Originally founded as an outsourcing company in 1999 before evolving into a technology-focused enterprise, EXL (NASDAQ:EXLS) provides data analytics and AI-powered digital operations solutions that help businesses transform their operations and make better decisions. EXL reported revenues of $594.8 million, up 15.6% year on year, outperforming analysts’ expectations by 3.5%. The business had a very strong quarter with full-year revenue guidance beating analysts’ expectations. EXL achieved the biggest analyst estimate beat and highest full-year guidance raise of the whole group. The market seems happy with the results as the stock is up 23.6% since reporting. It currently trades at $37.74. Is now the time to buy EXL? Access our full analysis of the earnings results here, it’s free. Holding detailed financial records on over 800 million consumers worldwide and dating back to 1899, Equifax (NYSE:EFX) is a global data analytics company that collects, analyzes, and sells consumer and business credit information to lenders, employers, and other businesses. Equifax reported revenues of $1.7 billion, up 10.6% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a slight miss of analysts’ full-year EPS guidance estimates and full-year revenue guidance meeting analysts’ expectations. Interestingly, the stock is up 8.1% since the results and currently trades at $194.64. Read our full analysis of Equifax’s results here. One of the three major credit bureaus in the United States alongside Equifax and Experian, TransUnion (NYSE:TRU) is a global information and insights company that provides credit reports, fraud prevention tools, and data analytics to help businesses make decisions and consumers manage their financial health. TransUnion reported revenues of $1.31 billion, up 14.9% year on year. This result topped analysts’ expectations by 1.8%. Aside from that, it was a mixed quarter as its performance in some other areas of the business was disappointing. TransUnion delivered the highest guidance raise in the group. The stock is up 9.9% since reporting and currently trades at $84.88. Read our full, actionable report on TransUnion here, it’s free. Processing one out of every six paychecks in the United States, ADP (NASDAQ:ADP) provides cloud-based human capital management solutions that help businesses manage payroll, benefits, talent acquisition, and HR administration. ADP reported revenues of $5.47 billion, up 6.8% year on year. This number beat analysts’ expectations by 0.7%. It was a satisfactory quarter as it also logged a beat of analysts’ EPS estimates. The stock is up 7.1% since reporting and currently trades at $282.95. Read our full, actionable report on ADP here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

CoStar Group CSGP reported adjusted earnings of 32 cents per share for the second quarter of 2026, up 88.2% year over year. The figure surpassed the Zacks Consensus Estimate by 14.29%.Revenues increased 18.4% year over year to $925 million but missed the consensus estimate by 0.43%. Profitability benefited from disciplined expense management, while net new bookings rose 3% sequentially to $69 million. Commercial Real Estate revenues increased 7.8% year over year to $481 million and accounted for 52% of total revenues. Commercial adjusted EBITDA rose 6.8% to $172 million.Within the commercial portfolio, CoStar revenues advanced 8.7% to $337 million. LoopNet revenues climbed 14.5% to $87 million, supported by growth in paid listings. Other Commercial Real Estate revenues declined 5% to $57 million, primarily due to lower transaction volumes at Ten-X. CoStar Group, Inc. price-consensus-eps-surprise-chart | CoStar Group, Inc. Quote Residential Real Estate revenues climbed 33% year over year to $444 million. The segment generated adjusted EBITDA of $12 million, marking the first time that the residential segment turned adjusted EBITDA positive and improving $41 million sequentially.Apartments.com revenues rose 9% to $318 million. Paid properties increased 12% to nearly 93,000, while monthly renewal rates remained at 99%. Average revenue per property declined 3.6%, primarily reflecting a sales mix shift toward smaller communities. Apartments.com generated revenues of $318 million, up 9% year over year. Paid properties increased 12% to nearly 93,000, while monthly renewal rates remained at 99%. Average revenue per property declined 3.6%, reflecting a shift toward smaller communities with lower average pricing.Homes.com revenues jumped 66% to $28.5 million. Agent subscribers more than doubled to over 36,000, while the monthly cancellation rate improved to 2.4% in June from 6.5% a year earlier. Management plans to introduce higher-priced Platinum advertising during the third quarter.CSGP launched Apartments.com AI in June. Users completed more than half a million sessions within a few weeks, spending about 20 minutes per session. AI users viewed twice as many listings, while 3D-tour usage rose 225% and traffic-to-lead conversion increased 256%. Operating expenses increased 1.9% year over year to $652 million, significantly slower than revenue growth. Selling and marketing expenses were unchanged at $395 million, while general and administrative expenses declined 6.6% to $114 million.Software development expenses rose 11.5% to $107 million and customer-base amortization increased 33.3% to $36 million.Operating income improved to $76 million from an operating loss of $27 million in the year-ago quarter. Adjusted EBITDA more than doubled to $184 million from $85 million. The adjusted EBITDA margin expanded 900 basis points to 20%, reaching the target level one quarter earlier than management had expected. Adjusted net income increased 73% to $128 million. Cash and cash equivalents were $1.27 billion as of June 30, 2026, compared with $1.63 billion at 2025-end. Long-term debt was $994 million, broadly unchanged from $993 million at the end of 2025.As of June 2026, Net cash provided by operating activities totaled $267 million. CSGP repurchased $587 million of stock during the period, including $82.1 million in the second quarter. Management expects full-year repurchases of approximately $700 million. For the third quarter of 2026, CoStar expects revenues to be between $935 million and $945 million, adjusted EBITDA of $190-$210 million and adjusted earnings of 31-34 cents per share. Commercial revenues are projected at $489-$494 million, while Residential revenues are expected between $446 million and $451 million.For 2026, CoStar revised its revenue outlook to $3.715-$3.755 billion. The company affirmed adjusted EBITDA guidance of $780-$820 million and projected adjusted EPS of $1.32-$1.39.The lower revenue outlook reflects restructuring at Ten-X, sales-force optimization at Homes.com and pricing discipline at Apartments.com. CoStar Group currently carries a Zacks Rank #2 (Buy).Some other top-ranked stocks in the broader Zacks Computer and Technology sector include ASE Technology ASX, nVent Electric NVT and Tokyo Electron TOELY. Each stock currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Shares of ASE Technology have gained 110.7% in the year-to-date period. ASX is set to report the second quarter of 2026 results on July 30.Shares of nVent Electric have surged 39% in the year-to-date period. NVT is slated to report second-quarter 2026 results on July 31.Tokyo Electron's shares have gained 49.3% in the year-to-date period. TOELY is set to report first-quarter fiscal 2027 results on July 30. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report Tokyo Electron Ltd. (TOELY) : Free Stock Analysis Report nVent Electric PLC (NVT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved a significant profitability inflection point with adjusted EBITDA more than doubling year-over-year to $184 million, driven by disciplined expense management and a 20% margin. Commercial revenue growth of 8% was supported by record performance in CoStar Debt Solutions, which saw a 96% increase in net new monthly bookings. Residential segment reached positive adjusted EBITDA for the first time since the 2024 Homes.com launch, benefiting from a 33% revenue increase and marketing efficiencies. Restructured the Ten-X business to improve future profitability and cost control, resulting in a $7 million year-to-date cost reduction despite a temporary revenue decline. Maintained price integrity in Apartments.com despite aggressive competitor discounting, citing a 2.5x higher lead-to-lease conversion rate than the nearest rival. Strategic shift in the Homes.com sales force reduced inside sales headcount by approximately 39% to prioritize higher-productivity field sales teams in major metros. Successfully delivered a new consolidated headquarters in Richmond, designed to scale capacity to 4,000 employees while eliminating fragmented lease costs. Full-year 2026 adjusted EBITDA guidance remains at $780 million to $820 million, reflecting a $100 million reduction in the projected expense base. Revised full-year revenue guidance to $3.715 billion - $3.755 billion to account for strategic sales force optimization and the Ten-X restructuring. Expect the majority of future Homes.com revenue to be driven by the upcoming launch of 'Platinum' depth advertising, moving beyond base subscriptions. Anticipate the Zonda acquisition to close in the second half of 2026, which will provide comprehensive data on new home construction and builder operations. Planned expansion of CoStar into Australia in late 2026, followed by the next-generation Matterport 4 camera delivery anticipated in late 2027. The U.S. multifamily market remains stressed with elevated supply and widespread concessions, impacting owner price sensitivity. Ongoing litigation against Zillow regarding alleged unauthorized use of CoStar-owned photographs and antitrust concerns in multifamily advertising. Divestiture of non-core software assets in Australia is underway to focus management on core residential and commercial objectives by year-end 2026. Transition of the CFO role to Robin Rossmann following Chris Lown's departure to Allstate. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management attributed the decline to the strategic restructuring of Ten-X and the intentional reduction of the Homes.com inside sales force to focus on productivity. Confidence in future bookings is supported by upcoming product launches and the transition to a more efficient field sales model. CoStar is refusing to match competitor discounts because their data shows significantly superior ROI and lead quality for property owners. June was the third-highest gross sales month in Apartments.com history, suggesting the value proposition remains intact despite macro headwinds. AI initiatives are currently generating more cost savings through labor efficiencies (e.g., lease abstraction) than they are costing in token consumption. The company is using optimization engines to seek the best token pricing and expects AI to drive further research and data collection costs down. Field sales reps are showing approximately 2x the productivity of inside sales reps, justifying the shift toward a more experienced, localized sales force. The transition is a move from prioritizing raw revenue growth at any cost to achieving long-term EBITDA targets.

CoStar Group (CSGP) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.29%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.18 per share when it actually produced earnings of $0.23, delivering a surprise of +27.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $925 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.47%. This compares to year-ago revenues of $781.3 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have lost about 56.6% since the beginning of the year versus the S&P 500's gain of 8.3%. While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.37 on $978.07 million in revenues for the coming quarter and $1.34 on $3.81 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. DXC Technology Company. (DXC), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30. This company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of -38.2%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level. DXC Technology Company.'s revenues are expected to be $2.99 billion, down 5.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report DXC Technology Company. (DXC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in CoStar Group, Inc.? Here are five stocks we like better. CoStar delivered strong Q2 growth and profitability. Revenue rose 18% year over year to $925 million, adjusted EBITDA more than doubled to $184 million, and net income increased 817%. Management maintained its full-year adjusted EBITDA outlook of $780 million to $820 million. Residential operations reached profitability while Homes.com continued rapid expansion. Residential revenue grew 33% to $444 million and generated its first positive adjusted EBITDA, while Homes.com revenue increased 66% and agent subscribers more than doubled to over 36,000. CoStar lowered its 2026 revenue outlook but preserved earnings guidance and continued buybacks. The company cited the Ten-X restructuring, Homes.com sales-force changes and Apartments.com pricing discipline, while reaffirming adjusted EPS guidance and targeting $700 million in 2026 share repurchases. 3 Large Cap Stocks Announce Big Buyback Boosts Amid +20% Falls CoStar Group (NASDAQ:CSGP) reported second-quarter 2026 revenue of $925 million, up 18% from a year earlier, while adjusted EBITDA more than doubled to $184 million. The company said the quarter marked a profitability inflection point as it limited operating-cost growth to 2% while continuing investments across its commercial real estate, residential and spatial-data businesses. Founder and CEO Andrew Florance said net income increased 817% year over year and EBITDA rose 441%. CoStar recorded its 61st consecutive quarter of double-digit revenue growth and maintained its full-year adjusted EBITDA outlook of $780 million to $820 million, which would represent the company’s highest annual adjusted EBITDA result. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit 2 Stocks That Could Rocket on a Fed Rate Cut Commercial revenue rose 8% year over year to $481 million, while commercial adjusted EBITDA increased 7% to $172 million. CoStar’s core platform generated $337 million of revenue, up 9%, with subscribers increasing 19% to 327,000. Renewal rates were 93%, and net new bookings from brokers increased 48% year over year, including a multiyear renewal from the company’s largest brokerage client. LoopNet revenue increased 14% to $87 million. U.S. paid listings rose 9% to 220,000, while paid listings grew 24% in Canada and 52% in the United Kingdom. The company expanded the LoopNet sales force to 225 representatives from 191 a year earlier. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Is CoStar Group Stock a Buy Before Earnings? Analysts Think So CoStar Debt Solutions delivered more than $4 million in net new monthly bookings, up 96% year over year, according to Florance. The business is developing benchmarking tools using anonymized and aggregated data from 300 lender clients, representing more than 100,000 active loans and over $1.2 trillion of outstanding debt. Other commercial revenue declined 5% to $57 million, primarily because of lower transaction volumes at Ten-X. CoStar is restructuring Ten-X, reducing costs by $7 million year to date while revenue declined by $4 million during the process. The company plans to separate Ten-X from LoopNet with dedicated sales, marketing and leadership teams. → 2 Stocks Built to Thrive If Inflation Refuses to Fade During the quarter, CoStar launched rent-benchmark data based on 4 million AI-abstracted lease documents, introduced its CoStar platform in France, added U.K. public-record search capabilities and extended AI-powered lease abstraction into CoStar Real Estate Manager. The company continues to target a second-half 2026 launch of CoStar in Australia. Residential revenue increased 33% year over year to $444 million. The residential segment posted record adjusted EBITDA of $12 million, its first profitable quarter since Homes.com launched in the first quarter of 2024. The company said the result reflected personnel-cost reductions, operational efficiencies and early benefits from AI initiatives. Apartments.com revenue rose 9% to $318 million. Paid properties increased 12% to nearly 93,000, while monthly renewal rates remained at 99%. Average revenue per property was down about 3.6% year over year, which Florance attributed primarily to a mix shift toward smaller communities with lower pricing. Management said apartment owners remain price sensitive amid elevated supply, widespread concessions and competitive pricing. Florance said CoStar is maintaining pricing discipline, citing third-party analysis that found Apartments.com leads converted to leases at 2.5 times the rate of the next closest competitor. Homes.com revenue grew 66% to $28.5 million, reaching an annualized run rate of $116 million at quarter-end. Agent subscribers more than doubled year over year to over 36,000, while the average subscriber price rose to $305 in June. The monthly cancellation rate declined to 2.4% from 6.5% a year earlier. The company plans to introduce a Platinum marketing tier for Homes.com during the third quarter. The offering will include enhanced search placement, social marketing, photography, drone imagery and Matterport tours. Florance said CoStar expects higher-value advertising products, which it refers to as depth advertising, to become a significant source of future Homes.com revenue. CoStar reduced Homes.com inside sales representatives from 660 at the end of 2025 to about 400, while expanding its field sales team to 50 representatives across Washington, D.C., Tampa, Atlanta, Dallas and Chicago. Management said production per representative increased 19%, and Homes.com net new bookings remained consistent with the first quarter despite the reduction in sales headcount. Chief Financial Officer Christian Lown said CoStar revised its full-year 2026 revenue outlook to $3.715 billion to $3.755 billion, representing 15% growth at the midpoint. Commercial revenue is expected to be $1.94 billion to $1.96 billion, while residential revenue is projected at $1.775 billion to $1.795 billion. The company said its lower revenue outlook reflects the Ten-X restructuring, Homes.com sales-force optimization and Apartments.com’s decision to maintain pricing rather than pursue lower-priced competitive offerings. CoStar nevertheless reaffirmed its full-year adjusted EBITDA outlook of $780 million to $820 million and adjusted earnings-per-share guidance of $1.32 to $1.39. For the third quarter, CoStar expects revenue of $935 million to $945 million and adjusted EBITDA of $190 million to $210 million. The company projected commercial adjusted EBITDA of $162 million to $172 million and residential adjusted EBITDA of $28 million to $38 million. CoStar repurchased 2.4 million shares for $82.1 million during the second quarter, bringing year-to-date repurchases to 13.75 million shares for $587 million. The company expects $700 million of total share repurchases in 2026. CoStar continues to expect its acquisition of new-home construction data and marketplace provider Zonda to close in the second half of 2026, subject to regulatory approval. The company said its guidance does not include any financial contribution from the transaction. Lown said this would be his final earnings call as CoStar’s CFO before joining Allstate in the same role. Florance announced that Robin Rossmann, who has led CoStar businesses internationally, will succeed Lown as chief financial officer. CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar's offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle. In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "CoStar Group Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

EBITDA rises 441%, Adjusted EBITDA reaches second-highest quarterly level in company history while CoStar Group continues investing in long-term growth ARLINGTON, Va., July 28, 2026--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, announced today that revenue for the quarter ended June 30, 2026 was $925 million, up 18% over revenue of $781 million for the quarter ended June 30, 2025. Net new bookings were $69 million, up 3% from Q1 2026. Net income was $55 million and earnings per diluted share was $0.14 for the second quarter of 2026, compared with net income of $6 million, and earnings per diluted share of $0.01, in the prior year period. Adjusted Net Income rose to $128 million in the second quarter, up 73% year-over-year. Adjusted EPS was $0.32 in the second quarter, up 88% year-over-year. EBITDA was $157 million, up 441% year-over-year. Adjusted EBITDA was $184 million in the second quarter of 2026, an increase of 116% from the prior year. "The second quarter marked a profitability inflection point for CoStar Group as Adjusted EBITDA more than doubled year-over-year to $184 million. We held operating cost growth to just 2%, and we delivered our 61st consecutive quarter of double-digit revenue growth," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "For the first time, our residential segment turned Adjusted EBITDA positive — a $41 million improvement over the first quarter — and we expect to deliver the highest full-year Adjusted EBITDA in our company's history." Florance continued, "We continue to capture more of CoStar Group's $100 billion total addressable market through new product launches and geographic expansion. Building on February's transformative launch of Homes.com Ai, we introduced Apartments.com Ai in June. Within weeks, Apartments.com Ai users completed more than half a million AI sessions — averaging 20 minutes per session, 2.8 times longer than non-AI users, viewing twice as many listings, with 3D tour usage up 224% and traffic-to-lead conversion up 256%. Our product roadmap extends these AI capabilities across CoStar, LoopNet, and our international businesses. This quarter we also delivered four major launches on our core CoStar platform — including CoStar Rent Benchmark, built from four million AI-abstracted lease agreements, and CoStar’s market entry into France. We accomplished all of this while reducing our projected expense base by roughly $100 million versus our original guidance, giving us a head start on our 2028 and 2030 Adjusted EBITDA targets." 2026 Outlook The Company is affirming its Adjusted EBITDA guidance for the full year of 2026 in a range of $780 million to $820 million, which represents an increase of $30 million at the midpoint of the range from its guidance in February 2026. For the third quarter of 2026, the Company expects Adjusted EBITDA in the range of $190 million to $210 million, representing a margin of 21% at the midpoint of the range. The Company is revising its revenue guidance for 2026 to a range of $3.715 billion to $3.755 billion, representing revenue growth of approximately 15% year-over-year at the midpoint of the range. The Company expects revenue for the third quarter of 2026 in the range of $935 million to $945 million, representing revenue growth of approximately 13% year-over-year at the midpoint of the range. The Company reaffirms its full year 2026 Adjusted EPS in a range of $1.32 to $1.39 based on 405 million shares. For the third quarter of 2026, the Company expects Adjusted EPS in a range of $0.31 to $0.34 based on 403 million shares. These ranges include an estimated non-GAAP tax rate of 26% for the full year and the third quarter of 2026. The preceding forward-looking statements reflect CoStar Group’s expectations as of July 28, 2026, including forward-looking non-GAAP financial measures on a consolidated basis, based on current estimates, expectations, observations, and trends. Given the risk factors, rapidly evolving economic environment, and uncertainties and assumptions discussed in this release and in our quarterly reports on Form 10-Q and annual reports on Form 10-K, actual results may differ materially. Other than in publicly available statements, the Company does not intend to update its forward-looking statements until its next quarterly results announcement. Reconciliations of EBITDA, Adjusted EBITDA, Adjusted Net Income, and Adjusted EPS to the most directly comparable GAAP measures are shown in detail below, along with definitions for those terms. A reconciliation of forward-looking non-GAAP guidance to the most directly comparable GAAP measure, net income (loss), can be found within the tables included in this release. Non-GAAP Financial Measures For information regarding the purpose for which management uses the non-GAAP financial measures disclosed in this release and why management believes they provide useful information to investors regarding the Company’s financial condition and results of operations, please refer to the Company’s latest periodic report. EBITDA is our net income (loss) before interest income or expense, net, other income or expense, net, income taxes, depreciation, and amortization. We typically disclose EBITDA on a consolidated and on an operating segment basis in our earnings releases, investor conference calls, and filings with the SEC. Adjusted EBITDA is different from EBITDA because we further adjust EBITDA for stock-based compensation expense, acquisition- and integration-related costs, restructuring and related costs, including certain advisory fees; and settlements and impairments incurred outside our ordinary course of business, including judgments. Adjusted EBITDA margin represents Adjusted EBITDA divided by revenues for the period. Adjusted Net Income represents our net income (loss) adjusted for stock-based compensation expense, acquisition- and integration-related costs, including gains or losses on equity investments acquired in prospective targets and related to deal-contingent financial instruments, restructuring costs, settlement and impairment costs incurred outside our ordinary course of business, including judgments and related, non-recurring interest; and amortization of acquired intangible assets and other related costs, and then subtracting an assumed provision for income taxes. In 2026, we are assuming a 26% tax rate to approximate our statutory corporate tax rate, excluding the impact of discrete items, to determine Adjusted Net Income for each quarterly period, year-to-date period and annual period. Adjusted EPS represents Adjusted Net Income divided by the number of diluted shares outstanding for the period used in the calculation of GAAP earnings per diluted share. For periods with GAAP net losses and Adjusted Net Income, the weighted average outstanding shares used to calculate Adjusted EPS includes potentially dilutive securities that were excluded from the calculation of GAAP earnings per share as the effect was anti-dilutive. Operating Metrics Net new bookings is calculated based on the annualized amount of change in the Company's sales bookings resulting from new subscription-based contracts, changes to existing subscription-based contracts, and cancellations of subscription-based contracts for the period reported. Information regarding net new bookings is not comparable to, nor should it be substituted for, an analysis of the Company's revenues over time. Earnings Conference Call Management will conduct a conference call to discuss the second quarter 2026 results and the Company’s outlook at 5:00 PM ET on July 28, 2026. A live audio webcast of the conference will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com. A replay of the webcast audio will also be available in the Investors section of our website for a period of time following the call. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted 118 million average monthly unique visitors in the second quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. This news release and the Company’s earnings conference call contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "likely," "might," "believe," "expect," "observe," "consider," "think," "intend," "envision," "will," "should," "could," "would," "plan," "target," "goal," "estimate," "predict," "continue," "commit," and "potential" or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. The following factors, among others, could cause or contribute to such differences: our inability to attract and retain new clients; our inability to successfully develop and introduce new or updated real estate information, analytics, and online marketplaces; the risks related to AI technologies, such as Homes Ai and Apartments Ai; our inability to compete successfully against existing or future competitors in attracting advertisers and in general; the effects of fluctuations and market cyclicality; the effects of global economic uncertainties and downturns or a downturn or consolidation in the real estate industry; our inability to hire qualified persons for, or retain and continue to develop our sales force, or unproductivity of our sales force; our inability to retain and attract highly capable management and operating personnel; the downward pressure that our internal and external investments may place on our operating margins; our inability to increase brand awareness; our inability to maintain or increase internet traffic to our marketplaces, and the risk that the methods, including Google Analytics, that we use to measure average monthly unique visitors to our portals may misstate the actual number of unique persons who visit our network of mobile applications and websites for a given month or may differ from the methods used by competitors; our inability to attract new advertisers; our inability to successfully identify, finance, integrate, and/or manage costs related to acquisitions; our inability to complete certain strategic transactions if a proposed transaction is subject to review or approval by regulatory authorities pursuant to applicable laws or regulations; our inability to realize the benefits of the acquisitions of Matterport, LLC ("Matterport") and Domain Holdings Australia Pty Limited, or our inability to complete the acquisition of Bora Inc. and its subsidiaries ("Zonda") in a timely manner, or at all, or realize the expected benefits of the Zonda acquisition; the inability of third-party suppliers upon which Matterport relies to fulfill its needs; the effects of cyberattacks and security vulnerabilities, and technical problems or disruptions; the significant costs associated with undertaking a large infrastructure project; our inability to generate increased revenues from our current or future geographic expansion plans; the risks related to acceptance of credit cards and debit cards and facilitation of other customer payments; the effects of climate-related events and other events beyond our control; the effects related to attention to climate-related risks and opportunities; our inability to obtain and maintain accurate, comprehensive, or reliable data; our inability to obtain and maintain stable data feeds, or disruption of our data feeds; our inability to enforce or defend our ownership and use of intellectual property; the effects of use of new and evolving technologies, including artificial intelligence, on our ability to protect our data and intellectual property from misappropriation by third parties; our inability to defend against potential legal liability for collecting, displaying, or distributing information; our inability to obtain or retain listings from real estate brokers, agents, property owners, and apartment property managers; our inability to maintain or establish relationships with third-party listing providers; our inability to comply with the rules and compliance requirements of Multiple Listing Services; the risks related to open source software; the risks related to international operations; the effects of foreign currency exchange rate fluctuations; our indebtedness; the effects of a lowering or withdrawal of the ratings assigned to our debt securities by rating agencies; the effects of any actual or perceived failure to comply with privacy or data protection laws, regulations, or standards; the effects of changes in tax laws, regulations, or fiscal and tax policies; the effects of third-party claims, litigation, regulatory proceedings, or government investigations; the risks related to return on investment; and the risks related to the specific timing, price, and size of repurchases under the Stock Repurchase Program, including that the Stock Repurchase Program may be suspended or discontinued at any time at the Company’s discretion. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission (the "SEC"), including in CoStar Group’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, each of which is filed with the SEC, including in the "Risk Factors" section of those filings, as well as CoStar Group’s other filings with the SEC (including Current Reports on Form 8-K) available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260728790780/en/ Contacts Investor Relations: Rich SimonelliHead of Investor RelationsCoStar Group Investor Relations(973) [email protected] News Media: Matthew BlocherVice PresidentCoStar Group Corporate Marketing & Communications(202) [email protected]

Real estate data provider CoStar Group (NASDAQ:CSGP) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 18.4% year on year to $925 million. On the other hand, next quarter’s revenue guidance of $940 million was less impressive, coming in 2.9% below analysts’ estimates. Its non-GAAP profit of $0.32 per share was 11.9% above analysts’ consensus estimates. Is now the time to buy CoStar? Find out in our full research report. Revenue: $925 million vs analyst estimates of $928.9 million (18.4% year-on-year growth, in line) Adjusted EPS: $0.32 vs analyst estimates of $0.29 (11.9% beat) Adjusted EBITDA: $184 million vs analyst estimates of $173 million (19.9% margin, 6.3% beat) The company dropped its revenue guidance for the full year to $3.74 billion at the midpoint from $3.8 billion, a 1.7% decrease Management reiterated its full-year Adjusted EPS guidance of $1.36 at the midpoint EBITDA guidance for the full year is $800 million at the midpoint, below analyst estimates of $807.2 million Operating Margin: 8.2%, up from -3.5% in the same quarter last year Free Cash Flow was $140 million, up from -$5 million in the same quarter last year Market Capitalization: $11.91 billion “The second quarter marked a profitability inflection point for CoStar Group as Adjusted EBITDA more than doubled year-over-year to $184 million. We held operating cost growth to just 2%, and we delivered our 61st consecutive quarter of double-digit revenue growth," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. A company’s long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. With $3.56 billion in revenue over the past 12 months, CoStar is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. On the bright side, it can still flex high growth rates because it’s working from a smaller revenue base. As you can see below, CoStar’s sales grew at an exceptional 14.5% compounded annual growth rate over the last five years. This shows it had high demand, a useful starting point for our analysis. Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. CoStar’s annualized revenue growth of 17% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. This quarter, CoStar’s year-on-year revenue growth was 18.4%, and its $925 million of revenue was in line with Wall Street’s estimates. Company management is currently guiding for a 12.7% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 13.1% over the next 12 months, a deceleration versus the last two years. Still, this projection is commendable and suggests the market sees success for its products and services. ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE. Adjusted operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses — everything from the cost of goods sold to advertising and wages. It’s also useful for comparing profitability across companies because it excludes non-recurring expenses, interest on debt, and taxes. CoStar has been an efficient company over the last five years. It was one of the more profitable businesses in the business services sector, boasting an average adjusted operating margin of 16.8%. Analyzing the trend in its profitability, CoStar’s adjusted operating margin decreased by 17.8 percentage points over the last five years. This raises questions about the company’s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. In Q2, CoStar generated an adjusted operating margin profit margin of 12.3%, up 3 percentage points year on year. This increase was a welcome development and shows it was more efficient. Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions. CoStar’s flat EPS over the last five years was below its 14.5% annualized revenue growth. This tells us the company became less profitable on a per-share basis as it expanded. We can take a deeper look into CoStar’s earnings to better understand the drivers of its performance. As we mentioned earlier, CoStar’s adjusted operating margin expanded this quarter but declined by 17.8 percentage points over the last five years. Its share count also grew by 2.6%, meaning the company not only became less efficient with its operating expenses but also diluted its shareholders. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For CoStar, its two-year annual EPS growth of 11.3% was higher than its five-year trend. Accelerating earnings growth is almost always an encouraging data point. In Q2, CoStar reported adjusted EPS of $0.32, up from $0.17 in the same quarter last year. This print easily cleared analysts’ estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects CoStar’s full-year EPS to grow 46.1% from $1.09 to $1.59. It was good to see CoStar beat analysts’ EPS expectations this quarter. On the other hand, its revenue guidance for next quarter missed and its EPS guidance for next quarter fell short of Wall Street’s estimates. Overall, this was a weaker quarter. The stock traded down 12% to $26.71 immediately after reporting. CoStar’s latest earnings report disappointed. One quarter doesn’t define a company’s quality, so let’s explore whether the stock is a buy at the current price. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it’s free.