CoStar Group (NASDAQ:CSGP – Get Free Report) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.21 to $0.23 for the period, compared to the consensus EPS estimate of $0.24. The company issued revenue guidance of $693 million to $703 million, compared to the consensus revenue estimate of $713.34 million. CoStar Group also updated its FY24 guidance to $0.67 to $0.69 EPS.
CoStar Group Trading Down 0.6 %
NASDAQ:CSGP traded down $0.46 on Tuesday, reaching $76.90. The company’s stock had a trading volume of 2,123,645 shares, compared to its average volume of 2,248,580. CoStar Group has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13. The firm has a market cap of $31.52 billion, a price-to-earnings ratio of 145.97 and a beta of 0.81. The stock has a 50 day moving average price of $76.40 and a 200 day moving average price of $79.37.
CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities analysts anticipate that CoStar Group will post 0.49 EPS for the current fiscal year.
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CoStar Group Company Profile
CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.
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