CoStar Group (NASDAQ:CSGP – Get Free Report) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.210-0.230 for the period, compared to the consensus estimate of 0.240. The company issued revenue guidance of $693.0 million-$703.0 million, compared to the consensus revenue estimate of $713.9 million. CoStar Group also updated its FY 2024 guidance to 0.670-0.690 EPS.
CoStar Group Trading Down 0.6 %
CoStar Group stock traded down $0.49 during mid-day trading on Tuesday, reaching $76.87. 2,836,692 shares of the company traded hands, compared to its average volume of 2,251,573. 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 has a 52-week low of $67.35 and a 52-week high of $100.38. The firm has a market capitalization of $31.50 billion, a price-to-earnings ratio of 145.97 and a beta of 0.81. The firm’s 50 day moving average price is $76.40 and its 200 day moving average price is $79.37.
CoStar Group (NASDAQ:CSGP – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The company had revenue of $677.80 million for the quarter, compared to analysts’ expectations of $677.18 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. CoStar Group’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts anticipate that CoStar Group will post 0.49 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Get Our Latest Report on CoStar Group
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.
Featured Articles
- Five stocks we like better than CoStar Group
- The How And Why of Investing in Oil Stocks
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- Investing in Commodities: What Are They? How to Invest in Them
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- How to Calculate Return on Investment (ROI)
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
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.