Equity Profile

CSGP

CoStar Group, Inc.

Real EstateReal Estate Services$13.4B

Apr21Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

CoStar Group, Inc. (CSGP) is a leading provider of commercial real estate information, analytics, and online marketplaces....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$0.11

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and generate income, which is vital for investor confidence.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CSGP Q2-2026 Earnings Preview

Context

Company Snapshot

CoStar Group, Inc. (CSGP) is a leading provider of commercial real estate information, analytics, and online marketplaces. The company plays a crucial role in the real estate sector by offering data and insights that help businesses make informed decisions about property investments and management.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+64.44%

Avg Stock Reaction

+0.47%

Last Quarter Recap

In Q1-2026, CoStar Group reported an EPS of $0.01, significantly missing the expected $0.11, which raised concerns about its profitability. The stock reacted negatively, declining 0.77% the following day.

Management Promises & Guidance

Focus on improving profitability in upcoming quarters.
Commitment to enhancing data analytics capabilities.
Plans to expand market presence through strategic acquisitions.

Expectations

Wall Street Expectations

Overall, Wall Street is cautious ahead of CoStar's earnings report, especially after the significant EPS miss last quarter. Investors are looking for signs of recovery and growth in revenue.

Bull Case

If CoStar can demonstrate a strong rebound in EPS and revenue growth, it could restore investor confidence and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations again, it could raise further doubts about its financial stability, leading to a more significant stock decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.11

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its market share and generate income, which is vital for investor confidence.

Client Retention Rate

N/A

A high client retention rate indicates customer satisfaction and stability in revenue, which is important for long-term growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CoStar report an EPS of at least $0.11?

Achieving this EPS target would signal a recovery in profitability and could positively influence investor sentiment.

What is the outlook for revenue growth in the upcoming quarters?

Clear guidance on revenue growth will be crucial for assessing the company's future performance and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about CoStar's recovery potential, underestimating the company's ability to bounce back from recent setbacks.

Supporting Evidence

CoStar has a history of strong EPS surprises, indicating potential for positive performance.

The options market is pricing in a significant move, suggesting that traders expect volatility and potential upside.

Recent insider buying could indicate confidence in the company's future prospects.

Key Risk

If the company reports an EPS above $0.11, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether CoStar can recover from its recent earnings miss and demonstrate sustainable growth.

Bull Confirmed If

Reporting an EPS of $0.11 or better with positive revenue growth guidance would confirm the bull case.

Bear Confirmed If

An EPS below $0.01 and lack of revenue growth would reinforce the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±6.22%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a relatively large move of over 6%, suggesting that investors expect significant volatility following the earnings report.

Options are pricing ±6.2% while CSGP has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

35.8%

Calls (39K)P/C Ratio: 0.45Puts (33K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Real Estate

n=30

Fade rate: 16 of 30 (53%)

This setup has occurred 30 times across Real Estate in the last 2 years. 16 of 30 faded and 14 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 1.8%, with a raw directional average of +0.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CoStar beats expectations and raises guidance, history suggests the stock could rise by around 0.29% on the first day.

In-Line / Cautious

An in-line report with cautious commentary may lead to muted reactions, as the market weighs the implications of the results.

Miss

If the company misses expectations again, history suggests a potential decline of about 0.76% on the first day.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client retention rates and their impact on revenue.
2Details on new product offerings or enhancements in data analytics.
3Management's commentary on market conditions and competitive landscape.
4Guidance on expected revenue growth for the next quarter.
5Insights into strategic initiatives or potential acquisitions.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

CoStar Group, Inc. (CSGP) is a leading provider of commercial real estate information, analytics, and online marketplaces....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$0.11

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and generate income, which is vital for investor confidence.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

CSGP Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+64.44%

Avg Stock Reaction

+0.47%

Last Quarter Recap

Management Promises & Guidance

Focus on improving profitability in upcoming quarters.
Commitment to enhancing data analytics capabilities.
Plans to expand market presence through strategic acquisitions.

Expectations

Wall Street Expectations

Overall, Wall Street is cautious ahead of CoStar's earnings report, especially after the significant EPS miss last quarter. Investors are looking for signs of recovery and growth in revenue.

Bull Case

If CoStar can demonstrate a strong rebound in EPS and revenue growth, it could restore investor confidence and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations again, it could raise further doubts about its financial stability, leading to a more significant stock decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.11

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its market share and generate income, which is vital for investor confidence.

Client Retention Rate

N/A

A high client retention rate indicates customer satisfaction and stability in revenue, which is important for long-term growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CoStar report an EPS of at least $0.11?

Achieving this EPS target would signal a recovery in profitability and could positively influence investor sentiment.

What is the outlook for revenue growth in the upcoming quarters?

Clear guidance on revenue growth will be crucial for assessing the company's future performance and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about CoStar's recovery potential, underestimating the company's ability to bounce back from recent setbacks.

Supporting Evidence

CoStar has a history of strong EPS surprises, indicating potential for positive performance.

The options market is pricing in a significant move, suggesting that traders expect volatility and potential upside.

Recent insider buying could indicate confidence in the company's future prospects.

Key Risk

If the company reports an EPS above $0.11, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether CoStar can recover from its recent earnings miss and demonstrate sustainable growth.

Bull Confirmed If

Reporting an EPS of $0.11 or better with positive revenue growth guidance would confirm the bull case.

Bear Confirmed If

An EPS below $0.01 and lack of revenue growth would reinforce the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±6.22%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a relatively large move of over 6%, suggesting that investors expect significant volatility following the earnings report.

Options are pricing ±6.2% while CSGP has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

35.8%

Calls (39K)P/C Ratio: 0.45Puts (33K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Real Estate

n=30

Fade rate: 16 of 30 (53%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CoStar beats expectations and raises guidance, history suggests the stock could rise by around 0.29% on the first day.

In-Line / Cautious

An in-line report with cautious commentary may lead to muted reactions, as the market weighs the implications of the results.

Miss

If the company misses expectations again, history suggests a potential decline of about 0.76% on the first day.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client retention rates and their impact on revenue.
2Details on new product offerings or enhancements in data analytics.
3Management's commentary on market conditions and competitive landscape.
4Guidance on expected revenue growth for the next quarter.
5Insights into strategic initiatives or potential acquisitions.