On July 28, CoStar rose 5.02% in regular trading, trading at $31.0 USD/share, with turnover of $48.48 million.
The stock rallied ahead of its Q2 earnings report scheduled for release after market close. Market consensus projects Q2 revenue of approximately $929 million, representing a 20.30% year-over-year increase, with adjusted EPS of $0.29, reflecting a 119.92% year-over-year surge, and EBIT growth of nearly 500% year-over-year.
The optimism is supported by the company's strong Q1 performance, where revenue reached $897 million and adjusted EPS of $0.23 beat estimates by 27.78%. Additionally, CoStar has recently expanded its European footprint by launching a commercial property platform in France and acquiring a 30% stake in Italian real estate marketplace Wikicasa, deepening its international strategic positioning.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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