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.)
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