CoStar Group, Inc. (CSGP) Issues Q4 Earnings Guidance

CoStar Group, Inc. (NASDAQ:CSGP) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.31-1.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.35. The company issued revenue guidance of $251-254 million, compared to the consensus revenue estimate of $250.30 million.

A number of equities analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) began coverage on CoStar Group in a report on Wednesday. They issued a buy rating and a $359.00 price target for the company. Zacks Investment Research raised CoStar Group from a strong sell rating to a hold rating in a research report on Tuesday, October 31st. Stephens upped their price target on CoStar Group from $300.00 to $350.00 and gave the company an overweight rating in a research report on Monday, October 30th. SunTrust Banks, Inc. reissued a buy rating and set a $335.00 price target on shares of CoStar Group in a research report on Friday, October 27th. Finally, Needham & Company LLC reissued a buy rating and set a $325.00 price target on shares of CoStar Group in a research report on Friday, October 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. CoStar Group presently has a consensus rating of Buy and an average target price of $332.75.

CoStar Group, Inc. (NASDAQ:CSGP) opened at $296.68 on Friday. CoStar Group, Inc. has a 52 week low of $179.21 and a 52 week high of $302.12. The firm has a market capitalization of $10,817.98, a PE ratio of 75.01, a P/E/G ratio of 4.49 and a beta of 1.56. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The business had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $243.44 million. During the same quarter last year, the business posted $1.11 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. equities analysts forecast that CoStar Group, Inc. will post 3.98 EPS for the current fiscal year.

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About CoStar Group

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

Earnings History and Estimates for CoStar Group (NASDAQ:CSGP)

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