CoStar Group Revenue Beats, EPS Dips

CoStar Group (NASDAQ:CSGP), 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. Despite strong revenue performance, the company fell short in earnings per share, posting $0.15 against the expected $0.22. Overall, the quarter was a mixed outcome with solid revenue growth but unmet earnings expectations.Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-10-22 earnings report.CoStar Group provides online real estate marketplaces, data, and analytics services. It stands out with a comprehensive proprietary database that includes property, leasing, sales, and tenant information, all supported by robust research and technology. A major focus of CoStar has been the expansion of its market presence in the residential real estate segment with standout platforms like Apartments.com and a rapidly growing Homes.com network. Critical success factors include continuously updating its database, strategic acquisitions to expand offerings, and investing in technological advancements.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool