CoStar Group (NASDAQ:CSGP – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.090-0.100 for the period, compared to the consensus estimate of 0.090. The company issued revenue guidance of $674.0 million-$679.0 million, compared to the consensus revenue estimate of $682.2 million. CoStar Group also updated its FY 2024 guidance to 0.580-0.620 EPS.
CoStar Group Price Performance
Shares of NASDAQ CSGP traded up $2.33 during midday trading on Friday, hitting $92.67. The company had a trading volume of 681,177 shares, compared to its average volume of 2,182,433. The firm has a market capitalization of $37.85 billion, a price-to-earnings ratio of 123.75, a price-to-earnings-growth ratio of 10.57 and a beta of 0.84. The company has a quick ratio of 12.01, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $89.55 and a two-hundred day simple moving average of $84.68. CoStar Group has a twelve month low of $67.35 and a twelve month high of $100.38.
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, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Equities research analysts anticipate that CoStar Group will post 0.44 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on CoStar Group
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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