CoStar Group (NASDAQ:CSGP – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.210-0.230 for the period, compared to the consensus estimate of 0.240. The company issued revenue guidance of $693.0 million-$703.0 million, compared to the consensus revenue estimate of $713.9 million. CoStar Group also updated its FY 2024 guidance to 0.670-0.690 EPS.
CoStar Group Price Performance
Shares of CSGP stock traded up $1.81 during trading hours on Thursday, reaching $74.63. The stock had a trading volume of 2,186,713 shares, compared to its average volume of 2,312,068. The stock’s fifty day simple moving average is $76.46 and its 200 day simple moving average is $79.20. CoStar Group has a 12 month low of $67.35 and a 12 month high of $100.38. The firm has a market capitalization of $30.47 billion, a PE ratio of 99.63 and a beta of 0.81. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13.
CoStar Group (NASDAQ:CSGP – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. CoStar Group’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. On average, equities research analysts predict that CoStar Group will post 0.49 EPS for the current year.
Wall Street Analysts Forecast Growth
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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