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
CSGP stock traded up $7.15 during midday trading on Wednesday, reaching $91.77. The stock had a trading volume of 3,307,574 shares, compared to its average volume of 2,173,804. The firm has a fifty day simple moving average of $89.21 and a two-hundred day simple moving average of $84.59. CoStar Group has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. The stock has a market cap 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 announced 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. The firm had revenue of $640.00 million during 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 company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. As a group, equities research analysts anticipate that CoStar Group will post 0.44 EPS for the current year.
Analyst Ratings Changes
View Our Latest Analysis 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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