Movement Alert|CoStar Rises 5.28% in Regular Trading, Optimistic Market Expectations Ahead of Q2 Earnings Release

Market Focus07-27 22:40

On July 27, CoStar rose 5.28% in regular trading, trading at $29.18/share, with turnover of $33.06 million. The stock rallied ahead of its Q2 earnings report scheduled for July 28 after market close, as consensus expectations point to robust growth.

Market consensus projects Q2 revenue of approximately $929 million, representing a 20.30% year-over-year increase, with adjusted EPS of $0.29, implying 119.92% YoY growth. EBIT is expected to surge nearly 500% YoY. Institutional sentiment remains predominantly bullish. The company delivered a strong Q1 with revenue of $897 million and adjusted EPS of $0.23, beating estimates by 27.78%, sustaining momentum from prior quarters.

One brokerage expects Q2 net new bookings of around $82 million, implying roughly 22% sequential growth driven by seasonal patterns and an expanded sales force, though it flagged potential headwinds from challenging comps and elevated interest rates. Multiple institutions maintain overweight or buy ratings, with a mean price target of $43.26.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment