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 Stock Performance
NASDAQ CSGP traded down $0.69 on Tuesday, hitting $84.62. 3,026,050 shares of the company traded hands, compared to its average volume of 2,161,467. The business’s 50 day moving average price is $89.15 and its 200-day moving average price is $84.56. CoStar Group has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $34.56 billion, a price-to-earnings ratio of 92.60, a P/E/G ratio of 9.69 and a beta of 0.84.
CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts expect that CoStar Group will post 0.44 earnings per share for the current year.
Analyst Ratings Changes
Check Out Our Latest Report on CSGP
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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