Wall Street analysts expect that CoStar Group Inc (NASDAQ:CSGP) will post $1.36 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for CoStar Group’s earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.41. CoStar Group posted earnings of $1.29 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The firm is scheduled to report its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that CoStar Group will report full-year earnings of $4.70 per share for the current financial year, with EPS estimates ranging from $4.66 to $4.74. For the next fiscal year, analysts forecast that the business will report earnings of $6.15 per share, with EPS estimates ranging from $5.75 to $6.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for 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 Zacks’ consensus estimate of $1.13 by $0.28. The firm had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.11 EPS.

CSGP has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. B. Riley restated a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a report on Monday, October 2nd. Bank of America restated a “buy” rating and issued a $306.00 target price on shares of CoStar Group in a report on Thursday, October 5th. Needham & Company LLC restated a “buy” rating and issued a $325.00 target price on shares of CoStar Group in a report on Friday, October 27th. Finally, SunTrust Banks restated a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. CoStar Group currently has a consensus rating of “Buy” and a consensus target price of $334.67.

CoStar Group (NASDAQ CSGP) traded up $4.71 during trading hours on Friday, reaching $322.02. 239,441 shares of the company’s stock were exchanged, compared to its average volume of 183,991. The stock has a market cap of $11,469.33, a price-to-earnings ratio of 97.29, a price-to-earnings-growth ratio of 3.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. CoStar Group has a 52 week low of $197.18 and a 52 week high of $322.65.

Several hedge funds have recently made changes to their positions in CSGP. Janus Henderson Group PLC lifted its holdings in shares of CoStar Group by 2,015.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock worth $689,842,000 after acquiring an additional 2,493,281 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CoStar Group by 1,019.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock worth $186,210,000 after acquiring an additional 637,278 shares during the period. Citadel Advisors LLC lifted its holdings in shares of CoStar Group by 947.8% during the 3rd quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock worth $39,198,000 after acquiring an additional 132,177 shares during the period. Balyasny Asset Management LLC lifted its holdings in shares of CoStar Group by 773.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 108,342 shares of the technology company’s stock worth $28,559,000 after acquiring an additional 95,933 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of CoStar Group by 2,599.7% during the 3rd quarter. First Trust Advisors LP now owns 89,118 shares of the technology company’s stock worth $23,906,000 after acquiring an additional 85,817 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

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About CoStar Group

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.

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