CoStar Posts 3Q EPS of 18 Cents
CSGP sits 23% above its 52-week low of $25.894.
Summary
CoStar reported third-quarter EPS of 18 cents, with revenue of $952 million and net income of $74 million, its first quarterly print since Q2 revenue of $925 million (up 18% year over year) and net income of $55 million. The headline carries the EPS figure only — no guidance or year-ago comparison — so the read-through versus the Q2 pace is incomplete. Context: the company closed its $800 million Zonda acquisition in August and is running a $1.5 billion buyback alongside the Homes.com profitability push, both of which affect the per-share math. With shares at $31.95, the market will key on whether residential momentum held and whether margins absorbed the Zonda integration. Full release details, including any outlook update, are the next thing to check.
At the time of this announcement, CSGP was trading at $31.95 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $13B. The 52-week trading range was $25.89 to $79.08. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.