Equity Profile

CSGP

COSTAR GROUP INC

Real EstateReal Estate Services$13.8B

Apr21Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

CoStar Group Inc (CSGP) operates in the real estate sector, providing information, analytics, and online marketplaces for commercial real estate. As a leader in real estate services, its performance is closely tied to market trends and economic conditions, making it a significant player in the industry.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help investors gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth is crucial for understanding how well CoStar is expanding its business and capturing market share.

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

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for CoStar's upcoming earnings are cautious given the recent EPS miss and lack of guidance. Investors are looking for signs of recovery in profitability and revenue growth.

Bull Case

If CoStar can exceed EPS expectations and show strong revenue growth, it could signal a turnaround, boosting investor confidence and stock price.

Bear Case

Conversely, if the company fails to meet expectations again, it may raise further doubts about its business model and growth prospects, leading to a significant stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the projected EPS for Q2-2026?

Given the significant miss last quarter, the market will be closely watching for any signs of recovery in profitability.

How is CoStar addressing customer retention and revenue growth?

Understanding the company's strategies for maintaining customers and growing revenue will be critical for assessing its future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating CoStar's ability to recover from its recent miss, as historical trends show that strong revenue growth can follow a disappointing quarter.

Supporting Evidence

CoStar has a history of bouncing back after misses, with a 63% EPS beat rate over the last eight quarters.

The options market is pricing in a larger move than historical averages, indicating that traders expect a significant shift in sentiment.

Key Risk

If CoStar shows a marked improvement in customer retention and revenue growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether CoStar can turn around its recent performance and regain investor confidence.

Bull Confirmed If

An EPS of $0.15 or higher would confirm a positive outlook and suggest recovery in profitability.

Bear Confirmed If

An EPS below $0.01 would reinforce concerns about the company's ability to generate profit.

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, suggesting that traders expect significant volatility around 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CoStar beats expectations, history suggests a potential stock increase of around 0.29%, confirming a positive trend.

In-Line / Cautious

If results are in line but cautious, the stock may see minimal movement as investors digest the commentary.

Miss

A miss could lead to a decline, with history suggesting a drop of around 0.76% on average.

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 acquisition strategies and retention rates.
2Details on revenue growth across different segments.
3Management's outlook on market conditions and competitive landscape.
4Insights into cost management and efficiency improvements.
5Any guidance on future earnings expectations.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help investors gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth is crucial for understanding how well CoStar is expanding its business and capturing market share.

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

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for CoStar's upcoming earnings are cautious given the recent EPS miss and lack of guidance. Investors are looking for signs of recovery in profitability and revenue growth.

Bull Case

If CoStar can exceed EPS expectations and show strong revenue growth, it could signal a turnaround, boosting investor confidence and stock price.

Bear Case

Conversely, if the company fails to meet expectations again, it may raise further doubts about its business model and growth prospects, leading to a significant stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the projected EPS for Q2-2026?

Given the significant miss last quarter, the market will be closely watching for any signs of recovery in profitability.

How is CoStar addressing customer retention and revenue growth?

Understanding the company's strategies for maintaining customers and growing revenue will be critical for assessing its future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating CoStar's ability to recover from its recent miss, as historical trends show that strong revenue growth can follow a disappointing quarter.

Supporting Evidence

CoStar has a history of bouncing back after misses, with a 63% EPS beat rate over the last eight quarters.

The options market is pricing in a larger move than historical averages, indicating that traders expect a significant shift in sentiment.

Key Risk

If CoStar shows a marked improvement in customer retention and revenue growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether CoStar can turn around its recent performance and regain investor confidence.

Bull Confirmed If

An EPS of $0.15 or higher would confirm a positive outlook and suggest recovery in profitability.

Bear Confirmed If

An EPS below $0.01 would reinforce concerns about the company's ability to generate profit.

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, suggesting that traders expect significant volatility around 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CoStar beats expectations, history suggests a potential stock increase of around 0.29%, confirming a positive trend.

In-Line / Cautious

If results are in line but cautious, the stock may see minimal movement as investors digest the commentary.

Miss

A miss could lead to a decline, with history suggesting a drop of around 0.76% on average.

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 acquisition strategies and retention rates.
2Details on revenue growth across different segments.
3Management's outlook on market conditions and competitive landscape.
4Insights into cost management and efficiency improvements.
5Any guidance on future earnings expectations.