CoStar Group's Q1 Outlook
<p>Analysts RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CSGP'>CoStar Group, Inc. (NASDAQ:CSGP) </a>ahead of the company’s Q1 results, mentioning that residential strategy/investments, Apartments.com turnaround in H2/22, and hiring and ramping up of the salesforce continue to be key areas of focus. </p>
<p>Accordingly, the Q1/22 results, where the analysts expect a modest beat and the company to reiterate guidance, could potentially be a non-event. The March 9th Sell-side Analyst Day provided insights into the residential strategy; however, monetization won't happen till late 2023/early 2024. </p>
<p>Lastly, the analysts monitor the potential impact to high valuation stocks in the rising rate environment, however, a subscription-based revenue model with strong pricing increases in CoStar and Apartments.com bodes well with concerns around an economic slowdown.</p>

NASDAQ:CSGP