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

CoStar Group (NASDAQ:CSGP) issued an update on its FY 2021
After-Hours earnings guidance on Tuesday morning. The company provided earnings per share guidance of 10.83-11.03 for the period, compared to the Thomson Reuters consensus earnings per share 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 stock traded down $9.69 during trading on Tuesday, hitting $866.98. 380,219 shares of the company traded hands, compared to its average volume of 304,783. The stock’s 50-day simple moving average is $903.66 and its 200 day simple moving average 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 company has a market cap of $34.17 billion, a PE ratio of 117.67 and a beta of 0.97. CoStar Group has a 1 year low of $500.24 and a 1 year high of $952.76.

Several analysts have commented on the company. Truist raised their price objective on CoStar Group from $850.00 to $1,000.00 in a report on Wednesday, October 28th. Zacks Investment Research raised CoStar Group from a strong sell rating to a hold rating in a research note on Thursday, February 11th. JMP Securities boosted their price objective on CoStar Group from $800.00 to $950.00 and gave the stock a market outperform rating in a research note on Wednesday, October 28th. Wells Fargo & Company boosted their price objective on CoStar Group from $900.00 to $915.00 in a research note on Monday, November 23rd. Finally, TheStreet upgraded CoStar Group from a c+ rating to a b rating in a research report on Thursday, January 21st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $890.58.

CoStar Group Company Profile

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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