CoStar Group (NASDAQ:CSGP) Updates FY 2021 After-Hours Earnings Guidance


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CoStar Group (NASDAQ:CSGP) issued an update on its FY 2021
After-Hours earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 10.83-11.03 for the period, compared to the Thomson Reuters consensus estimate of $11.42. The company issued revenue guidance of $1.925-1.945 billion, compared to the consensus revenue estimate of $1.91 billion.CoStar Group also updated its Q1 2021
After-Hours guidance to 2.33-2.43 EPS.

CSGP has been the topic of a number of recent research reports. Truist lifted their price target on shares of CoStar Group from $850.00 to $1,000.00 in a research note on Wednesday, October 28th. JMP Securities upped their target price on shares of CoStar Group from $800.00 to $950.00 and gave the company a market outperform rating in a research note on Wednesday, October 28th. Needham & Company LLC increased their price target on shares of CoStar Group from $825.00 to $1,000.00 and gave the stock a buy rating in a research report on Wednesday, October 28th. TheStreet raised CoStar Group from a c+ rating to a b rating in a report on Thursday, January 21st. Finally, Wells Fargo & Company increased their target price on CoStar Group from $900.00 to $915.00 in a report on Monday, November 23rd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $890.58.

Shares of NASDAQ:CSGP traded down $9.69 during trading on Tuesday, reaching $866.98. The stock had a trading volume of 380,930 shares, compared to its average volume of 304,804. CoStar Group has a 52 week low of $500.24 and a 52 week high of $952.76. The business’s 50-day moving average price is $903.66 and its 200 day moving average price is $871.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 16.35 and a quick ratio of 16.35. The stock has a market capitalization of $34.17 billion, a PE ratio of 117.67 and a beta of 0.97.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily, and student housing properties and land.

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