CoStar Group Inc (CSGP) Expected to Post Quarterly Sales of $253.91 Million
Analysts expect that CoStar Group Inc (NASDAQ:CSGP) will announce $253.91 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for CoStar Group’s earnings, with estimates ranging from $251.77 million to $258.98 million. CoStar Group posted sales of $218.31 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.3%. The business is expected to announce its next quarterly earnings results 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 financial year, analysts anticipate that the company will post sales of $1.12 billion per share, with estimates ranging from $1.09 billion to $1.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover CoStar Group.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of CoStar Group during the 2nd quarter worth about $188,000. BlueCrest Capital Management Ltd acquired a new position in shares of CoStar Group during the 2nd quarter worth about $2,515,000. Pacer Advisors Inc. lifted its position in shares of CoStar Group by 13.2% during the 3rd quarter. Pacer Advisors Inc. now owns 6,049 shares of the technology company’s stock worth $1,623,000 after purchasing an additional 706 shares during the last quarter. American Capital Management Inc. lifted its position in shares of CoStar Group by 2.3% during the 3rd quarter. American Capital Management Inc. now owns 49,681 shares of the technology company’s stock worth $13,327,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Andra AP fonden lifted its position in shares of CoStar Group by 92.6% during the 3rd quarter. Andra AP fonden now owns 5,200 shares of the technology company’s stock worth $1,395,000 after purchasing an additional 2,500 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.
CoStar Group (NASDAQ CSGP) opened at $322.02 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96. CoStar Group has a 52 week low of $197.18 and a 52 week high of $322.65. The company has a market capitalization of $11,639.57, a PE ratio of 97.29, a price-to-earnings-growth ratio of 3.55 and a beta of 1.56.
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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