CoStar (CSGP) Reports Q2: Everything You Need To Know Ahead Of Earnings - The Chronicle-Journal
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Real estate data provider CoStar Group ( NASDAQ: CSGP ) will be announcing earnings results this Tuesday after market hours. Here's what to expect. CoStar met analysts' revenue expectations last quarter, reporting revenues of $897 million, up 22.5% year on year. It was a strong quarter for the company, with a beat of analysts' EPS estimates and a solid beat of analysts' EPS guidance for next quarter estimates. Is CoStar a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting CoStar's revenue to grow 18.9% year on year, improving from the 15.2% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. CoStar rarely misses Wall Street's revenue estimates. Looking at CoStar's peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. SS&C delivered year-on-year revenue growth of 10.3%, beating analysts' expectations by 2.1%, and Equifax reported revenues up 10.6%, in line with consensus estimates. SS&C traded up 10.4% following the results while Equifax was down 5.3%. Read our full analysis of SS&C's results here and Equifax's results here. Investors in...
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