CoStar Group (NASDAQ:CSGP – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.580-0.620 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 billion. CoStar Group also updated its FY24 guidance to $0.58-0.62 EPS.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Citigroup lifted their target price on CoStar Group from $90.00 to $97.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. JMP Securities restated a market outperform rating and set a $110.00 price objective on shares of CoStar Group in a research report on Friday, April 12th. Needham & Company LLC reduced their target price on CoStar Group from $105.00 to $90.00 and set a buy rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets increased their price objective on shares of CoStar Group from $79.00 to $84.00 and gave the company a market perform rating in a research note on Friday. Finally, The Goldman Sachs Group upped their target price on shares of CoStar Group from $96.00 to $107.00 and gave the company a buy rating in a research note on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group currently has an average rating of Moderate Buy and a consensus price target of $100.50.
Check Out Our Latest Stock Report on CoStar Group
CoStar Group Price Performance
CoStar Group (NASDAQ:CSGP – Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $640.00 million during 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 firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. Sell-side analysts forecast that CoStar Group will post 0.44 earnings per share for the current fiscal year.
CoStar Group Company Profile
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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