CoStar Group (CSGP) to Release Quarterly Earnings on Wednesday
CoStar Group (NASDAQ:CSGP) will issue its Q313 quarterly earnings data on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.63 per share and revenue of $111.71 million for the quarter. CoStar Group has set its Q3 guidance at $0.61-0.63 EPS and its FY13 guidance at $2.31-2.36 EPS.
CoStar Group (NASDAQ:CSGP) last released its earnings data on Wednesday, July 24th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.09. The company had revenue of $109.00 million for the quarter, compared to the consensus estimate of $106.36 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. On average, analysts expect CoStar Group to post $2.35 EPS for the current fiscal year and $2.94 EPS for the next fiscal year.
CoStar Group (NASDAQ:CSGP) traded up 0.44% on Tuesday, hitting $177.23. 118,396 shares of the company’s stock traded hands. CoStar Group has a 52-week low of $76.41 and a 52-week high of $177.21. The stock has a 50-day moving average of $166.5 and a 200-day moving average of $137.8. The company has a market cap of $5.073 billion and a price-to-earnings ratio of 284.60.
A number of research firms have recently commented on CSGP. Analysts at Thomson Reuters/Verus upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 14th. On a related note, analysts at Zacks downgraded shares of CoStar Group from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $173.70 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of CoStar Group from $185.00 to $195.00 in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $158.43.
CoStar Group, Inc (NASDAQ:CSGP) is a provider of information, analytics and marketing services to the commercial real estate industry in the United States and United Kingdom.
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