CoStar Q2 2024 Adj EPS $0.15 Beats $0.09 Estimate, Sales $677.800M Beat $677.647M Estimate
Portfolio Pulse from Benzinga Newsdesk
CoStar Group (NASDAQ: CSGP) reported Q2 2024 adjusted EPS of $0.15, beating the $0.09 estimate by 66.67%. Sales were $677.8M, slightly above the $677.647M estimate and up 11.87% YoY. However, EPS decreased by 51.61% from $0.31 last year.
July 23, 2024 | 8:07 pm
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CoStar Group's Q2 2024 earnings per share of $0.15 beat estimates by 66.67%, while sales of $677.8M slightly exceeded expectations. Despite the positive earnings surprise, EPS decreased by 51.61% compared to the same period last year.
The significant beat on EPS and slight beat on sales are positive indicators for the stock in the short term. However, the substantial YoY decline in EPS may temper investor enthusiasm.
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