$1.37 EPS Expected for CoStar Group (CSGP) This Quarter

Wall Street analysts expect CoStar Group (NASDAQ:CSGP) to announce earnings per share (EPS) of $1.37 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for CoStar Group’s earnings, with estimates ranging from $1.36 to $1.39. CoStar Group reported earnings per share of $1.05 during the same quarter last year, which would suggest a positive year-over-year growth rate of 30.5%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, April 23rd.

According to Zacks, analysts expect that CoStar Group will report full year earnings of $7.15 per share for the current financial year, with EPS estimates ranging from $7.10 to $7.20. For the next financial year, analysts expect that the business will post earnings of $9.51 per share, with EPS estimates ranging from $8.80 to $10.21. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for CoStar Group.

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CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.01. The business had revenue of $253.99 million for the quarter, compared to the consensus estimate of $253.74 million. CoStar Group had a return on equity of 6.75% and a net margin of 12.71%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 earnings per share.

Several brokerages recently issued reports on CSGP. B. Riley lifted their price objective on CoStar Group to $400.00 in a research report on Tuesday, February 20th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 21st. Needham & Company LLC lifted their price objective on CoStar Group to $430.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Citigroup reissued a “buy” rating and issued a $425.00 price objective (up from $320.00) on shares of CoStar Group in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase lowered CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective for the company. in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $380.10.

NASDAQ CSGP opened at $360.22 on Friday. CoStar Group has a twelve month low of $201.43 and a twelve month high of $378.57. The firm has a market cap of $12,880.75, a P/E ratio of 90.80, a PEG ratio of 3.41 and a beta of 1.52.

In other news, Director Michael R. Klein sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $361.61, for a total value of $1,084,830.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Hill sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $361.28, for a total value of $415,472.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,421 shares of company stock valued at $9,009,433 in the last quarter. Company insiders own 3.09% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Lenox Wealth Advisors Inc. bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $102,000. Cerebellum GP LLC bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $129,000. Corient Capital Partners LLC bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $204,000. Hengehold Capital Management LLC bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $206,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $219,000. 98.16% of the stock is currently owned by institutional investors.

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About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

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