CoStar Group, Inc. (NASDAQ:CSGP) is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.07 per share.
For the full year, analysts predict revenues of $ 1637.81 million, while looking forward to income of $ 9.36 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 2.00 ~ $ 2.10 per share, while revenues are expected in a range of $ 415.00 million ~ $ 420.00 million
Full Year 2020 topline are forecasted in a range of$ 1,630.00 million ~ $ 1,640.00 million, where as bottomline are predicted in a range of $ 9.22 ~ $ 9.42 per share
Click Here For More Historical Outlooks Of CoStar Group, Inc.
Previous Quarter Performance
CoStar Group, Inc. disclosed income for the second quarter of $ 2.34 per share, from the revenue of $ 397.16 million. The quarterly earnings expanded 4.93 percent while revenues expanded 15.53 percent compared with the same quarter last year.
According to street consensus, CSGP was expected to report 2Q20 income of $ 2.00 per share from revenue of $ 390.23 million. The bottom line results beat street analysts by $ 0.34 or 17.00 percent, at the same time, top line results outshined analysts by $ 6.93 million or 1.78 percent.
Stock Performance
Shares of CoStar Group, Inc. traded low $ -2.24 or -0.27 percent on Friday, reaching $ 819.81 with volume of 177.00 thousand shares. CoStar Group, Inc. has traded high as $ 828.80 and has cracked $ 812.04 on the downward trend
According to the previous trading day, closing price of $ 819.81, representing a 64.33 % increase from the 52 week low of $ 500.24 and a 12.45 % decrease over the 52 week high of $ 939.00.
The company has a market capital of $ 32.27 billion and is part of the Real Estate sector and Real Estate Services industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Citigroup at Buy rating, with $ 1000.00 target price.
Conference Call
CoStar Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.costargroup.com
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 properties and land.
