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MarketScreener Homepage  >  Equities  >  Nasdaq  >  CoStar Group, Inc.    CSGP

COSTAR GROUP, INC.

(CSGP)
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CoStar: 2Q Earnings Snapshot

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07/29/2020 | 12:51am EDT

WASHINGTON (AP) _ CoStar Group Inc. (CSGP) on Tuesday reported second-quarter profit of $60.4 million.

The Washington-based company said it had net income of $1.60 per share. Earnings, adjusted for one-time gains and costs, were $2.34 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.

The commercial real estate information and marketing provider posted revenue of $397.2 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $390 million.

For the current quarter ending in October, CoStar expects its per-share earnings to range from $2 to $2.10.

The company said it expects revenue in the range of $415 million to $420 million for the fiscal third quarter.

CoStar expects full-year earnings in the range of $9.22 to $9.42 per share, with revenue ranging from $1.63 billion to $1.64 billion.

CoStar shares have increased 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $716.74, a climb of 14% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSGP at https://www.zacks.com/ap/CSGP

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile


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Financials (USD)
Sales 2020 1 625 M - -
Net income 2020 246 M - -
Net cash 2020 2 387 M - -
P/E ratio 2020 128x
Yield 2020 -
Capitalization 32 274 M 32 274 M -
EV / Sales 2020 18,4x
EV / Sales 2021 15,7x
Nbr of Employees 4 337
Free-Float 98,8%
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Technical analysis trends COSTAR GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 873,92 $
Last Close Price 819,81 $
Spread / Highest target 22,0%
Spread / Average Target 6,60%
Spread / Lowest Target -22,2%
EPS Revisions
Managers
NameTitle
Andrew C. Florance President, Chief Executive Officer & Director
Michael R. Klein Chairman
Scott T. Wheeler Chief Financial Officer
Frank A. Simuro Chief Technology Officer
Jason Butler Chief Information Officer
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