CoStar Group (NASDAQ:CSGP – Get Free Report) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.090-0.100 for the period, compared to the consensus EPS 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
CSGP stock traded down $0.69 during midday trading on Tuesday, hitting $84.62. 3,026,050 shares of the stock traded hands, compared to its average volume of 2,161,467. CoStar Group has a 1-year low of $67.35 and a 1-year high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The stock’s fifty day simple moving average is $89.15 and its 200-day simple moving average is $84.56. The firm has a market cap of $34.56 billion, a P/E ratio of 92.60, a PEG ratio of 9.69 and a beta of 0.84.
CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. On average, analysts expect that CoStar Group will post 0.44 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Research 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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