CoStar Group Inc
CSGP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| R$ | LOCK|jlz$ | LOCK|p!$Ft<t |
CoStar Group Earnings: Weak Net New Bookings Upstage Otherwise Decent Results; Shares Attractive
CoStar Group reported decent third-quarter results, as adjusted earnings per share and adjusted EBITDA of $0.18 and $229 million, respectively, exceeded our estimates, yet disheartening net new booking results were the focal point, sending shares down by a mid-single-digit percentage after hours.
