CoStar Group (NASDAQ:CSGP – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.580-0.620 for the period, compared to the consensus EPS estimate of 0.600. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 billion. CoStar Group also updated its FY24 guidance to $0.58-0.62 EPS.
CoStar Group Stock Performance
Shares of NASDAQ:CSGP traded up $7.15 during midday trading on Wednesday, hitting $91.77. The stock had a trading volume of 3,307,574 shares, compared to its average volume of 2,173,804. CoStar Group has a 1 year low of $67.35 and a 1 year high of $100.38. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $89.21 and a two-hundred day moving average price of $84.59. The company has a market capitalization of $37.48 billion, a PE ratio of 98.21, a P/E/G ratio of 9.81 and a beta of 0.84.
CoStar Group (NASDAQ:CSGP – Get Free Report) last released its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. As a group, equities analysts predict that CoStar Group will post 0.44 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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About CoStar Group
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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