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Why Is CoStar (CSGP) Up 0.2% Since Last Earnings Report?
It has been about a month since the last earnings report for CoStar Group (CSGP - Free Report) . Shares have added about 0.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is CoStar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted -41.46% due to these changes.
VGM Scores
Currently, CoStar has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, CoStar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
CoStar is part of the Zacks Computers - IT Services industry. Over the past month, Jack Henry (JKHY - Free Report) , a stock from the same industry, has gained 5.9%. The company reported its results for the quarter ended December 2024 more than a month ago.
Jack Henry reported revenues of $573.85 million in the last reported quarter, representing a year-over-year change of +5.2%. EPS of $1.34 for the same period compares with $1.22 a year ago.
For the current quarter, Jack Henry is expected to post earnings of $1.35 per share, indicating a change of +13.5% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.3% over the last 30 days.
Jack Henry has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.