CoStar Group (NASDAQ:CSGP – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.67 to $0.69 for the period, compared to the consensus estimate of $0.66. The company issued revenue guidance of $2.72 billion to $2.73 billion, compared to the consensus revenue estimate of $2.74 billion. CoStar Group also updated its FY 2024 guidance to 0.670-0.690 EPS.
CoStar Group Trading Down 0.6 %
Shares of CoStar Group stock traded down $0.49 during trading on Tuesday, hitting $76.87. The company’s stock had a trading volume of 2,836,692 shares, compared to its average volume of 2,251,573. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 145.97 and a beta of 0.81. CoStar Group has a 52 week low of $67.35 and a 52 week high of $100.38. The stock has a 50-day moving average price of $76.40 and a two-hundred day moving average price of $79.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27.
CoStar Group (NASDAQ:CSGP – Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities research analysts anticipate that CoStar Group will post 0.49 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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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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