CoStar Gr Q3 2024 Adj. EPS $0.22 Beats $0.16 Estimate, Sales $692.600M Miss $696.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
CoStar Group reported Q3 2024 earnings per share of $0.22, surpassing the expected $0.16, but sales of $692.6 million fell short of the $696.1 million estimate. Sales increased by 10.87% compared to the same period last year.
October 22, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
CoStar Group's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, there was a significant year-over-year sales increase.
The positive earnings surprise is likely to have a favorable impact on the stock price, as EPS exceeded expectations by 37.5%. The slight sales miss is less significant given the strong year-over-year growth of 10.87%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100