CoStar Group (NASDAQ:CSGP) Issues Q1 2021 After-Hours Earnings Guidance

CoStar Group (NASDAQ:CSGP) issued an update on its first quarter 2021
After-Hours earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.33-2.43 for the period, compared to the Thomson Reuters consensus estimate of $2.64. The company issued revenue guidance of $450-455 million, compared to the consensus revenue estimate of $449.01 million.CoStar Group also updated its FY 2021
After-Hours guidance to 10.83-11.03 EPS.

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

Shares of NASDAQ CSGP traded down $9.69 during midday trading on Tuesday, hitting $866.98. 380,930 shares of the company’s stock were exchanged, compared to its average volume of 304,804. CoStar Group has a twelve month low of $500.24 and a twelve month high of $952.76. The firm has a market cap of $34.17 billion, a P/E ratio of 117.67 and a beta of 0.97. The stock’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.

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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