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 information, analytics, and online marketplaces for commercial real estate....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

$0.11

Revenue Growth

Revenue trends will provide insight into the company's market position and demand for its services.

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 information, analytics, and online marketplaces for commercial real estate. As a key player in real estate services, its performance is closely tied to market trends and consumer demand in the property sector.

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 caused a slight decline in stock price. The company did not provide revenue figures, leaving investors uncertain about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautious ahead of the earnings report, especially after the significant miss last quarter. 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 rebound in demand for its services, leading to a positive market reaction.

Bear Case

Continued misses on EPS or lack of revenue growth could indicate deeper issues within the company or the broader real estate market, potentially leading to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.11

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue Growth

N/A

Revenue trends will provide insight into the company's market position and demand for its services.

Customer Retention Rate

N/A

High retention rates can signal customer satisfaction and stability in revenue streams.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.11?

This figure is crucial for assessing the company's profitability and could influence investor confidence significantly.

What is the outlook for revenue growth?

Understanding revenue trends will help gauge the company's market position and future potential, especially after last quarter's disappointing results.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly focused on the recent EPS miss without considering potential recovery factors, such as improved customer retention and market demand.

Supporting Evidence

The options market is pricing a larger move than historical averages, suggesting that traders expect significant volatility.

CoStar's past performance shows a 63% beat rate, indicating potential for positive surprises.

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

Key Risk

If revenue growth shows signs of recovery, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around whether CoStar can recover from its recent performance issues and regain traction in a competitive market.

Bull Confirmed If

An EPS of $0.11 or higher would confirm a positive turnaround and restore investor confidence.

Bear Confirmed If

An EPS below $0.01 would indicate ongoing struggles and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±6.22%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant move, indicating that traders 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 setup 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 positive reaction of around +0.29%, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further clarity from management.

Miss

A miss could lead to a decline of about +0.76% based on historical patterns, reinforcing concerns about the company's trajectory.

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 how they are impacting revenue.
2Management's commentary on market demand and competitive positioning.
3Insights into cost management strategies and their impact on profitability.
4Any guidance on future earnings expectations or strategic initiatives.
5Details on new product offerings or services that could drive growth.

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 information, analytics, and online marketplaces for commercial real estate....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

$0.11

Revenue Growth

Revenue trends will provide insight into the company's market position and demand for its services.

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

Analysts are cautious ahead of the earnings report, especially after the significant miss last quarter. 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 rebound in demand for its services, leading to a positive market reaction.

Bear Case

Continued misses on EPS or lack of revenue growth could indicate deeper issues within the company or the broader real estate market, potentially leading to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.11

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue Growth

N/A

Revenue trends will provide insight into the company's market position and demand for its services.

Customer Retention Rate

N/A

High retention rates can signal customer satisfaction and stability in revenue streams.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.11?

This figure is crucial for assessing the company's profitability and could influence investor confidence significantly.

What is the outlook for revenue growth?

Understanding revenue trends will help gauge the company's market position and future potential, especially after last quarter's disappointing results.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly focused on the recent EPS miss without considering potential recovery factors, such as improved customer retention and market demand.

Supporting Evidence

The options market is pricing a larger move than historical averages, suggesting that traders expect significant volatility.

CoStar's past performance shows a 63% beat rate, indicating potential for positive surprises.

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

Key Risk

If revenue growth shows signs of recovery, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around whether CoStar can recover from its recent performance issues and regain traction in a competitive market.

Bull Confirmed If

An EPS of $0.11 or higher would confirm a positive turnaround and restore investor confidence.

Bear Confirmed If

An EPS below $0.01 would indicate ongoing struggles and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±6.22%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant move, indicating that traders 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 setup 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 positive reaction of around +0.29%, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further clarity from management.

Miss

A miss could lead to a decline of about +0.76% based on historical patterns, reinforcing concerns about the company's trajectory.

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 how they are impacting revenue.
2Management's commentary on market demand and competitive positioning.
3Insights into cost management strategies and their impact on profitability.
4Any guidance on future earnings expectations or strategic initiatives.
5Details on new product offerings or services that could drive growth.