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. is a leading provider of information, analytics, and online marketplaces for the commercial real estate industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract new clients, which is critical in the competitive real estate services sector.

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. is a leading provider of information, analytics, and online marketplaces for the commercial real estate industry. With a market cap of $13 billion, the company plays a crucial role in helping real estate professionals make informed decisions, especially in a fluctuating market influenced by economic trends and consumer behavior.

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 expectations of $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

Investors are cautiously optimistic about CoStar's upcoming earnings, hoping for a rebound after a disappointing Q1. However, the lack of analyst estimates adds uncertainty to expectations.

Bull Case

If CoStar can demonstrate strong revenue growth and improved client retention, it could signal a recovery in demand for its services, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations again, it could further erode investor confidence, especially given the recent earnings miss.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

A clear EPS forecast will help gauge the company's profitability and investor confidence moving forward.

How is CoStar addressing client retention and growth strategies?

Understanding management's approach to retaining clients and attracting new ones is crucial for assessing future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street is overly focused on the recent earnings miss and may not fully appreciate CoStar's potential for recovery in client retention and revenue growth.

Supporting Evidence

The options market is pricing a 6.22% move, which is significantly higher than the historical average of 1.04%.

The company's historical EPS beat rate of 63% suggests it has a solid chance of surprising investors positively.

Recent insider buying activity indicates confidence in the company's long-term prospects.

Key Risk

If the company reports an EPS above $0.05, it could challenge the prevailing bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a significant earnings miss, and any signs of recovery will be closely scrutinized.

Bull Confirmed If

A revenue growth rate of over 10% year-over-year would confirm the bull case.

Bear Confirmed If

If EPS comes in below $0.01, it would indicate ongoing profitability issues.

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, history suggests a potential stock increase of around 0.29%, confirming a recovery narrative.

In-Line / Cautious

A cautious in-line report could lead to muted reactions as investors await more clarity on future growth.

Miss

If the company misses expectations again, history suggests a potential decline of about 0.76%, which could further shake investor confidence.

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 client acquisition strategies and their effectiveness.
2Insights into how the company plans to improve profitability in the coming quarters.
3Management's commentary on market trends affecting the real estate sector.
4Details on any new product offerings or services that could drive future growth.
5Clarification on the company's competitive positioning against peers.

See the full picture

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

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RecapView

Company Snapshot

CoStar Group, Inc. is a leading provider of information, analytics, and online marketplaces for the commercial real estate industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and attract new clients, which is critical in the competitive real estate services sector.

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

Expectations

Wall Street Expectations

Investors are cautiously optimistic about CoStar's upcoming earnings, hoping for a rebound after a disappointing Q1. However, the lack of analyst estimates adds uncertainty to expectations.

Bull Case

If CoStar can demonstrate strong revenue growth and improved client retention, it could signal a recovery in demand for its services, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations again, it could further erode investor confidence, especially given the recent earnings miss.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

A clear EPS forecast will help gauge the company's profitability and investor confidence moving forward.

How is CoStar addressing client retention and growth strategies?

Understanding management's approach to retaining clients and attracting new ones is crucial for assessing future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street is overly focused on the recent earnings miss and may not fully appreciate CoStar's potential for recovery in client retention and revenue growth.

Supporting Evidence

The options market is pricing a 6.22% move, which is significantly higher than the historical average of 1.04%.

The company's historical EPS beat rate of 63% suggests it has a solid chance of surprising investors positively.

Recent insider buying activity indicates confidence in the company's long-term prospects.

Key Risk

If the company reports an EPS above $0.05, it could challenge the prevailing bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a significant earnings miss, and any signs of recovery will be closely scrutinized.

Bull Confirmed If

A revenue growth rate of over 10% year-over-year would confirm the bull case.

Bear Confirmed If

If EPS comes in below $0.01, it would indicate ongoing profitability issues.

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, history suggests a potential stock increase of around 0.29%, confirming a recovery narrative.

In-Line / Cautious

A cautious in-line report could lead to muted reactions as investors await more clarity on future growth.

Miss

If the company misses expectations again, history suggests a potential decline of about 0.76%, which could further shake investor confidence.

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 client acquisition strategies and their effectiveness.
2Insights into how the company plans to improve profitability in the coming quarters.
3Management's commentary on market trends affecting the real estate sector.
4Details on any new product offerings or services that could drive future growth.
5Clarification on the company's competitive positioning against peers.