Valued at a market cap of $30.2 billion, CoStar Group, Inc. (CSGP) provides information, analytics, and online marketplace services for the commercial real estate, hospitality, and residential industries. The Washington, District of Columbia-based company's services span property databases, real estate management tools, tenant information, and a range of online platforms for property marketing and transactions. The company is expected to report its fiscal Q3 earnings results after the market closes on Tuesday, Oct. 22.
Ahead of this event, analysts expect the real estate information provider to report a profit of $0.11 per share, down 56% from $0.25 per share in the previous year's quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. In the most recent quarter, the company exceeded the consensus estimate by a significant margin of 175%.
