Equity Profile

CSGP

CoStar Group, Inc.

Real EstateReal Estate Services$11.7B

Apr21Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

CoStar Group, Inc. (CSGP) operates in the real estate sector, providing data and analytics services to commercial real estate professionals....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and investors will be keen to see if CoStar can improve from last quarter's disappointing results.

$0.11

Revenue Growth

Revenue trends will indicate how well CoStar is capturing market demand and growing its customer base.

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) operates in the real estate sector, providing data and analytics services to commercial real estate professionals. As the market evolves, their insights are crucial for understanding property trends and investment opportunities.

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 reported an EPS of $0.01, significantly missing the expected $0.11, leading to a slight decline in stock price. The company faced challenges that raised concerns about its growth trajectory.

Management Promises & Guidance

Focus on enhancing data analytics capabilities.
Commitment to expanding market share in commercial real estate.
Plans to improve customer engagement and retention.

Expectations

Wall Street Expectations

Overall, analysts are cautious heading into this earnings report, especially after the significant miss last quarter. Investors are looking for signs of recovery and growth.

Bull Case

If CoStar can show a strong rebound in EPS and revenue growth, it could signal a turnaround, boosting investor confidence.

Bear Case

Conversely, another disappointing earnings report could raise further doubts about the company's growth strategy and market position.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.11

EPS is a key indicator of profitability, and investors will be keen to see if CoStar can improve from last quarter's disappointing results.

Revenue Growth

N/A

Revenue trends will indicate how well CoStar is capturing market demand and growing its customer base.

Customer Retention Rate

N/A

This metric reflects the company's ability to maintain its client base, which is vital for long-term growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.11, indicating a recovery from last quarter's significant miss?

A positive EPS could restore investor confidence and signal effective management strategies.

What are the trends in customer retention and revenue growth?

These metrics are critical for understanding the company's long-term viability and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about CoStar's ability to rebound from last quarter's miss, underestimating the potential for improved customer retention and revenue growth.

Supporting Evidence

The company's historical performance shows a 63% EPS beat rate, indicating potential for positive surprises.

Options pricing suggests a significant move, reflecting investor uncertainty that could lead to a positive outcome.

Recent insider buying activity suggests confidence in the company's future prospects.

Key Risk

If customer retention rates show significant improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether CoStar can regain momentum after a disappointing previous quarter.

Bull Confirmed If

An EPS of $0.11 or higher would confirm the bull case and indicate a strong recovery.

Bear Confirmed If

An EPS below $0.01 would confirm the bear case, raising concerns about the company's growth strategy.

Pre-Earnings Positioning

Options Market

Implied Move

±6.22%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

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 with an EPS above $0.11, history suggests a positive reaction, potentially around +0.29%.

In-Line / Cautious

If results come in line with expectations, the reaction may be muted, reflecting ongoing caution among investors.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around +0.76% following negative surprises.

Preparation

Congressional Activity

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

Trades

2 buys·0 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer retention rates and strategies to improve them.
2Details on revenue growth and any new market opportunities.
3Management's commentary on competitive pressures in the real estate sector.
4Insights into the effectiveness of recent data analytics enhancements.
5Any guidance on future earnings expectations or strategic initiatives.

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) operates in the real estate sector, providing data and analytics services to commercial real estate professionals....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and investors will be keen to see if CoStar can improve from last quarter's disappointing results.

$0.11

Revenue Growth

Revenue trends will indicate how well CoStar is capturing market demand and growing its customer base.

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 enhancing data analytics capabilities.
Commitment to expanding market share in commercial real estate.
Plans to improve customer engagement and retention.

Expectations

Wall Street Expectations

Overall, analysts are cautious heading into this earnings report, especially after the significant miss last quarter. Investors are looking for signs of recovery and growth.

Bull Case

If CoStar can show a strong rebound in EPS and revenue growth, it could signal a turnaround, boosting investor confidence.

Bear Case

Conversely, another disappointing earnings report could raise further doubts about the company's growth strategy and market position.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.11

EPS is a key indicator of profitability, and investors will be keen to see if CoStar can improve from last quarter's disappointing results.

Revenue Growth

N/A

Revenue trends will indicate how well CoStar is capturing market demand and growing its customer base.

Customer Retention Rate

N/A

This metric reflects the company's ability to maintain its client base, which is vital for long-term growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.11, indicating a recovery from last quarter's significant miss?

A positive EPS could restore investor confidence and signal effective management strategies.

What are the trends in customer retention and revenue growth?

These metrics are critical for understanding the company's long-term viability and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about CoStar's ability to rebound from last quarter's miss, underestimating the potential for improved customer retention and revenue growth.

Supporting Evidence

The company's historical performance shows a 63% EPS beat rate, indicating potential for positive surprises.

Options pricing suggests a significant move, reflecting investor uncertainty that could lead to a positive outcome.

Recent insider buying activity suggests confidence in the company's future prospects.

Key Risk

If customer retention rates show significant improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether CoStar can regain momentum after a disappointing previous quarter.

Bull Confirmed If

An EPS of $0.11 or higher would confirm the bull case and indicate a strong recovery.

Bear Confirmed If

An EPS below $0.01 would confirm the bear case, raising concerns about the company's growth strategy.

Pre-Earnings Positioning

Options Market

Implied Move

±6.22%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

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 with an EPS above $0.11, history suggests a positive reaction, potentially around +0.29%.

In-Line / Cautious

If results come in line with expectations, the reaction may be muted, reflecting ongoing caution among investors.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around +0.76% following negative surprises.

Preparation

Congressional Activity

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

Trades

2 buys·0 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer retention rates and strategies to improve them.
2Details on revenue growth and any new market opportunities.
3Management's commentary on competitive pressures in the real estate sector.
4Insights into the effectiveness of recent data analytics enhancements.
5Any guidance on future earnings expectations or strategic initiatives.