What to Expect From CoStar’s Upcoming Q2 Earnings?
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CSGP'>CoStar Group (NASDAQ:CSGP)</a> ahead of the company’s Q2/23 earnings, scheduled to be reported on July 25.</p>
<p>The company’s stock rallied around 30% in the second quarter due to a combination of improved fundamentals (CRE weakness offset by triple-digit bookings growth in Apartment.com and LoopNet) and technical (index reclassification and rebalancing). </p>
<p>In Q1, bookings grew 17% year-over-year. The analysts anticipate mid-teens growth in Q2/23, driven by Apartment.com and LoopNet, despite weakness in the CoStar suite. The analysts expect Q2 results and Q3 guidance to align with the Street estimates, and the company to reiterate its full 2023-year guidance. The analysts raised their price target on the stock to $95 from $85 while maintaining their Outperform rating.</p>

NASDAQ:CSGP