CoStarNASDAQ: CSGP

WASHINGTON--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a top provider of online real estate services, has announced that it has successfully acquired Visual Lease, a platform for lease administration and accounting. This acquisition will strengthen CoStar Group's Real Estate Manager division and offer more lease management and accounting benefits to businesses of various sizes. Visual Lease was established in 1996.

Now is the moment to adopt a different perspective on the stock market.

CoStar Group Inc. has a strong advantage due to its valuable intangible assets and leading role in commercial real estate data and analytics. Although there were doubts at first, a closer look shows that CoStar has steadily increased its net profits and holds a strong competitive edge, making it a good choice for long-term investment. The company's smart acquisitions, especially in the multifamily sector, have greatly increased its net profit, averaging a growth rate of 26.3% from 2014 to 2023.

CoStar (CSGP) seems to have stabilized after a recent decline, as shown by the hammer chart pattern. Furthermore, the consensus among Wall Street analysts to raise earnings estimates boosts the chances of the stock recovering soon.

CSGP's results for the third quarter of 2024 show strong revenue growth, driven by excellent performance in important areas.

CoStar Group (CSGP) reported quarterly earnings of $0.22 per share, which is higher than the Zacks Consensus Estimate of $0.16 per share. This is a decrease compared to earnings of $0.30 per share from the same period last year.

WASHINGTON--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a top provider of online real estate services, has announced that it will acquire Visual Lease. This acquisition will strengthen CoStar Group's Real Estate Manager division and offer improved lease management and accounting solutions for businesses of all sizes. Visual Lease, established in 1996, is a leading software platform in this field.

CoStar Group, Inc. (NASDAQ: CSGP), a top provider of online real estate services, reported that its revenue for the quarter ending September 30, 2024, reached $693 million, which is an 11% increase from $625 million in the same quarter of 2023. The company's net income for the third quarter of 2024 was $53 million, showing a significant rise of 176% compared to the second quarter of 2024. Additionally, the net income per diluted share was $0.13.

Some stocks are interesting to consider even before their earnings reports are released, which goes against the common idea that the results are already reflected in the stock price. If that were true, we wouldn't see such big changes in stock prices when earnings are announced. Investors should understand that there is a method to these price movements.