Equity Profile

CSGP

CoStar Group, Inc.

Real EstateReal Estate Services$13.4B

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

$0.11

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its market share and attract new clients.

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 leader in real estate services, its performance can reflect broader trends in the real estate market and economic conditions.

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 estimated $0.11. This disappointing performance led to a slight decline in stock price the following day.

Management Promises & Guidance

Focus on improving profitability in upcoming quarters.
Commitment to enhancing product offerings and client services.
Plans to expand market reach and client base.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially given the company's history of beating estimates in previous quarters. However, the significant miss last quarter raises concerns about future performance.

Bull Case

If CoStar can demonstrate strong revenue growth and improved EPS, it could regain investor confidence and drive stock prices higher.

Bear Case

Conversely, if the company fails to meet expectations again, it could lead to further declines in stock price and investor sentiment.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.11

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

Revenue Growth

N/A

Revenue growth is crucial for assessing the company's ability to expand its market share and attract new clients.

Client Retention Rate

N/A

A high client retention rate indicates strong customer satisfaction and loyalty, which is vital for sustained revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and will it meet or exceed the expected $0.11?

This figure will be critical in assessing the company's profitability and could influence investor sentiment significantly.

How is the company addressing client retention and revenue growth?

Understanding the strategies for maintaining clients and driving revenue will be essential for evaluating future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in EPS, given the company's historical ability to bounce back after misses.

Supporting Evidence

CoStar has a history of strong performance following prior earnings misses, with a 63% beat rate.

The options market is pricing a larger move than historical averages, indicating expectations for volatility.

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

Key Risk

If the EPS comes in above $0.11, it could shift market sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report is crucial for determining whether CoStar can recover from its recent performance issues and regain market confidence.

Bull Confirmed If

An EPS of $0.11 or higher, coupled with strong revenue growth, would confirm the bull case.

Bear Confirmed If

An EPS below $0.01 would reinforce the bear case and raise concerns about the company's profitability.

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 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 potential average one-day move of +0.29%, confirming a recovery narrative.

In-Line / Cautious

If results are in line but management is cautious, the stock may react neutrally, reflecting uncertainty about future growth.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of +0.76% in such scenarios.

Preparation

Congressional Activity

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

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on strategies to improve client retention rates.
2Any updates on new product offerings or services.
3Insights into market conditions affecting revenue growth.
4Management's outlook on the real estate market for the upcoming quarters.
5Responses to analyst questions regarding the recent earnings miss.

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

$0.11

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its market share and attract new clients.

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 estimated $0.11. This disappointing performance led to a slight decline in stock price the following day.

Management Promises & Guidance

Focus on improving profitability in upcoming quarters.
Commitment to enhancing product offerings and client services.
Plans to expand market reach and client base.

Expectations

Wall Street Expectations

Bull Case

If CoStar can demonstrate strong revenue growth and improved EPS, it could regain investor confidence and drive stock prices higher.

Bear Case

Conversely, if the company fails to meet expectations again, it could lead to further declines in stock price and investor sentiment.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.11

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

Revenue Growth

N/A

Revenue growth is crucial for assessing the company's ability to expand its market share and attract new clients.

Client Retention Rate

N/A

A high client retention rate indicates strong customer satisfaction and loyalty, which is vital for sustained revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and will it meet or exceed the expected $0.11?

This figure will be critical in assessing the company's profitability and could influence investor sentiment significantly.

How is the company addressing client retention and revenue growth?

Understanding the strategies for maintaining clients and driving revenue will be essential for evaluating future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in EPS, given the company's historical ability to bounce back after misses.

Supporting Evidence

CoStar has a history of strong performance following prior earnings misses, with a 63% beat rate.

The options market is pricing a larger move than historical averages, indicating expectations for volatility.

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

Key Risk

If the EPS comes in above $0.11, it could shift market sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report is crucial for determining whether CoStar can recover from its recent performance issues and regain market confidence.

Bull Confirmed If

An EPS of $0.11 or higher, coupled with strong revenue growth, would confirm the bull case.

Bear Confirmed If

An EPS below $0.01 would reinforce the bear case and raise concerns about the company's profitability.

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 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 potential average one-day move of +0.29%, confirming a recovery narrative.

In-Line / Cautious

If results are in line but management is cautious, the stock may react neutrally, reflecting uncertainty about future growth.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of +0.76% in such scenarios.

Preparation

Congressional Activity

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

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on strategies to improve client retention rates.
2Any updates on new product offerings or services.
3Insights into market conditions affecting revenue growth.
4Management's outlook on the real estate market for the upcoming quarters.
5Responses to analyst questions regarding the recent earnings miss.