CoStar Group (NASDAQ:CSGP – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.67 to $0.69 for the period, compared to the consensus EPS 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 Stock Performance
CSGP traded down $0.49 during trading on Tuesday, hitting $76.87. 2,734,226 shares of the stock were exchanged, compared to its average volume of 2,251,573. The stock has a fifty day moving average price of $76.40 and a two-hundred day moving average price of $79.37. CoStar Group has a 1-year low of $67.35 and a 1-year high of $100.38. The firm has a market capitalization of $31.50 billion, a P/E ratio of 145.97 and a beta of 0.81. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13.
CoStar Group (NASDAQ:CSGP – Get Free Report) last announced its 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. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. During the same period last year, the business posted $0.27 EPS. The company’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that CoStar Group will post 0.49 earnings per share for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock 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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