CoStar Group Is Poised to Increase Its Market Share
CoStar Group reported another strong quarter, and management improved its 2018 guidance, reaffirmed confidence in meeting its fourth-quarter adjusted EBITDA margin goal of 40%, and commented on possibilities for opportunistic growth. Revenue for the quarter was $306 million, an increase of 23% from the previous year, partly driven by the ForRent acquisition, while adjusted net income per share was $2.16. Sequential revenue growth was a bit slow at 3%, but the company should be able to increase o...CoStar Group provides information, analytics and online marketplace services to the commercial real estate and related business community through its database of commercial real estate information covering the U.S., the U.K., and parts of Canada, Spain, Germany and France. The company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. The company operates within two operating segments, North America and International, and its services are distributed to its clients under subscription-based license agreements that renew automatically, a majority of which have a term of one year.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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