CoStar Group (NASDAQ:CSGP – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.580-0.620 for the period, compared to the consensus 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 Down 1.8 %
Shares of NASDAQ CSGP traded down $1.61 during mid-day trading on Thursday, reaching $90.34. The company had a trading volume of 2,776,661 shares, compared to its average volume of 2,201,521. CoStar Group has a 52-week low of $67.35 and a 52-week 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 market cap of $36.90 billion, a P/E ratio of 123.75, a PEG ratio of 9.73 and a beta of 0.84. The firm has a 50 day simple moving average of $89.55 and a two-hundred day simple moving average of $84.68.
CoStar Group (NASDAQ:CSGP – Get Free Report) last issued its quarterly earnings data 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. CoStar Group had a net margin of 11.64% and a return on equity of 4.97%. The company had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same period last year, the firm posted $0.35 EPS. CoStar Group’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts predict that CoStar Group will post 0.44 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Report on CoStar Group
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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