Equities analysts expect that CoStar Group, Inc. (NASDAQ:CSGP) will post $253.91 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for CoStar Group’s earnings. The highest sales estimate is $258.98 million and the lowest is $251.77 million. CoStar Group reported sales of $218.31 million during the same quarter last year, which indicates a positive year-over-year growth rate of 16.3%. The firm is scheduled to issue its next earnings report on Wednesday, February 28th.

On average, analysts expect that CoStar Group will report full-year sales of $253.91 million for the current financial year, with estimates ranging from $963.01 million to $970.22 million. For the next fiscal year, analysts expect that the firm will report sales of $1.12 billion per share, with estimates ranging from $1.09 billion to $1.17 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CoStar Group.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.28. The firm had revenue of $248.00 million during 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 company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 EPS.

Several research firms have weighed in on CSGP. B. Riley restated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a research report on Monday, October 2nd. Needham & Company LLC lifted their price target on shares of CoStar Group from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. BidaskClub cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Zacks Investment Research cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Bank of America reiterated a “buy” rating and set a $306.00 price target on shares of CoStar Group in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $332.75.

Shares of CoStar Group (CSGP) opened at $290.50 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96. The firm has a market cap of $10,566.77, a PE ratio of 73.27, a price-to-earnings-growth ratio of 4.38 and a beta of 1.55. CoStar Group has a 1 year low of $184.86 and a 1 year high of $314.73.

Several large investors have recently modified their holdings of the company. Toronto Dominion Bank grew its holdings in CoStar Group by 12.3% during the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after purchasing an additional 44 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in CoStar Group during the second quarter valued at approximately $134,000. First Manhattan Co. acquired a new position in CoStar Group during the third quarter valued at approximately $187,000. Cubist Systematic Strategies LLC acquired a new position in CoStar Group during the second quarter valued at approximately $188,000. Finally, Capstone Asset Management Co. acquired a new position in CoStar Group during the second quarter valued at approximately $211,000. Institutional investors own 98.89% 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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Earnings History and Estimates for CoStar Group (NASDAQ:CSGP)

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