Wall Street brokerages forecast that CoStar Group, Inc. (NASDAQ:CSGP) will post earnings per share of $1.36 for the current quarter, according to Zacks. Four analysts have made estimates for CoStar Group’s earnings. The highest EPS estimate is $1.41 and the lowest is $1.32. CoStar Group posted earnings per share of $1.29 in the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that CoStar Group will report full-year earnings of $4.65 per share for the current fiscal year, with EPS estimates ranging from $4.44 to $4.74. For the next financial year, analysts expect that the firm will report earnings of $6.26 per share, with EPS estimates ranging from $5.75 to $7.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover CoStar Group.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating the 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 firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $243.44 million. During the same quarter in the prior year, the business posted $1.11 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year.
Several brokerages have recently commented on CSGP. SunTrust Banks reiterated a “buy” rating and set a $310.00 price objective on shares of CoStar Group in a report on Wednesday, September 13th. Bank of America reiterated a “buy” rating and set a $306.00 price objective on shares of CoStar Group in a report on Thursday, October 5th. Goldman Sachs Group assumed coverage on CoStar Group in a research note on Wednesday, November 8th. They issued a “buy” rating and a $359.00 target price for the company. Zacks Investment Research lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, BidaskClub lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $331.89.
Shares of CoStar Group (NASDAQ:CSGP) traded down $2.67 on Friday, hitting $287.83. The stock had a trading volume of 600,800 shares, compared to its average volume of 199,580. CoStar Group has a 12-month low of $184.86 and a 12-month high of $314.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. The stock has a market cap of $10,500.26, a price-to-earnings ratio of 72.81, a PEG ratio of 4.35 and a beta of 1.55.
A number of hedge funds have recently modified their holdings of CSGP. World Asset Management Inc grew its position in CoStar Group by 1.7% during the 2nd quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock worth $388,000 after purchasing an additional 24 shares during the period. Toronto Dominion Bank grew its position in CoStar Group by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after purchasing an additional 44 shares during the period. Advisor Group Inc. grew its position in CoStar Group by 3.8% during the 2nd quarter. Advisor Group Inc. now owns 1,490 shares of the technology company’s stock worth $393,000 after purchasing an additional 54 shares during the period. The Manufacturers Life Insurance Company grew its position in CoStar Group by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,188 shares of the technology company’s stock worth $313,000 after purchasing an additional 66 shares during the period. Finally, CLS Investments LLC grew its position in CoStar Group by 1.9% during the 2nd quarter. CLS Investments LLC now owns 4,174 shares of the technology company’s stock worth $1,100,000 after purchasing an additional 76 shares during the period. Institutional investors own 98.89% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/13/1-36-eps-expected-for-costar-group-inc-csgp-this-quarter.html.
CoStar Group Company Profile
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.
Get a free copy of the Zacks research report on CoStar Group (CSGP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.