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CoStar Group (CSGP)
NASDAQ:CSGP
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 4.97%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong revenue growth, significant improvements in EBITDA, and strategic expansions in sales capabilities and market presence. However, challenges remain due to economic volatility, competitive market shifts, and modest growth in some segments.Company Guidance
During the CoStar Group's Q4 2024 earnings call, the company reported robust financial performance, with full-year revenue reaching $2.74 billion, marking an 11% year-over-year increase. The fourth quarter alone saw revenue of $709 million, also an 11% increase. CoStar's net income rose from $7 million in Q1 to $60 million in Q4, and adjusted EBITDA grew significantly, from $12 million to $112 million over the same period, surpassing the guidance range of $76 million to $86 million. The company's commercial information and marketplace businesses maintained a strong 43% profit margin for the year. CoStar's average monthly unique visitors increased by 17% year-over-year to 134 million, and net new bookings for Q4 were $53 million, up 21% sequentially. The company plans to expand its sales force by 35% in 2025, aiming for significant growth in its Homes.com platform, which saw its sales team grow nearly six-fold in 2024. CoStar set its 2025 revenue guidance between $2.985 billion and $3.015 billion, with expected growth in key segments such as Apartments.com and LoopNet, while also announcing a $500 million share buyback program.Record Revenue Growth
CoStar Group achieved full-year revenue of $2.74 billion in 2024, marking an 11% increase over 2023, driven by consistent double-digit growth for 55 consecutive quarters.
Strong EBITDA Performance
Adjusted EBITDA for Q4 2024 reached $112 million, significantly exceeding the guidance range of $76 million to $86 million.
Homes.com Sales Force Expansion
The Homes.com sales force expanded nearly six-fold in one year to 277 salespeople, with plans to reach 500 by the end of 2025, enhancing sales and service capabilities.
High Net Promoter Scores (NPS)
CoStar's NPS improved across regions, with U.S. at 65%, Canada at 60%, and the U.K. at 65%. Specifically, U.K.'s NPS increased by 35%.
Apartments.com Market Leadership
Apartments.com delivered 4.8 times more leases than competitors, reaching 90% of renters and achieving high brand awareness.
Homes.com Traffic Growth
Homes.com reported 110 million average monthly unique visitors in Q4 2024, nearly doubling realtor.com's traffic.
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CSGP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CSGP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $75.46 | $79.21 | +4.97% |
| Oct 22, 2024 | $76.87 | $72.82 | -5.27% |
| Jul 23, 2024 | $74.84 | $76.35 | +2.02% |
| Apr 23, 2024 | $84.62 | $91.95 | +8.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CoStar Group (CSGP) report earnings?
CoStar Group (CSGP) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is CoStar Group (CSGP) earnings time?
CoStar Group (CSGP) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSGP EPS forecast?
CSGP EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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