CoStar Group (NASDAQ:CSGP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$692.6m (up 11% from 3Q 2023).

• Net income: US$53.0m (down 42% from 3Q 2023).

• Profit margin: 7.7% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.13 (down from US$0.22 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CoStar Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US.

Performance of the American Real Estate industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for CoStar Group you should be aware of.

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