CoStar Group, Inc. (CSGP), headquartered in Washington, the District of Columbia, is a provider of online real estate marketplaces, information, and analytics in the property markets. Valued at $29.66 billion by market cap, the company conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. The leading commercial real estate information, analytics, and news platform is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Tuesday, July 23.
Ahead of the event, analysts expect CSGP to report a profit of $0.04 per share on a diluted basis, down 85.2% from $0.27 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion. During the previous quarter, the company reported its highest-ever quarterly net new bookings of $86 million.
