CoStar Group Inc. (NASDAQ:CSGP) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 27th. CoStar Group has set its Q2 guidance at $0.80-0.84 EPS and its FY16 guidance at $4.00-4.10 EPS.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.26. The firm had revenue of $200 million for the quarter, compared to the consensus estimate of $197.33 million. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, analysts expect CoStar Group to post $4.09 EPS for the current fiscal year and $5.51 EPS for the next fiscal year.
Several equities research analysts have recently commented on CSGP shares. B. Riley reiterated a “buy” rating and set a $210.00 price objective on shares of CoStar Group in a research note on Tuesday, April 26th. Zacks Investment Research downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Wells Fargo & Co. reiterated a “buy” rating on shares of CoStar Group in a research note on Tuesday, June 7th. Finally, TheStreet upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd.
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. The Company has five flagship brands: CoStar, LoopNet, Apartments.com, BizBuySell and LandsofAmerica. The Company has operations in the United States, Canada, the United Kingdom and France.
