Costar Group Inc (CSGP) Issues FY12 Earnings Guidance
Costar Group Inc (CSGP) issued an update on its FY12 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.59-1.64 for the period. Costar Group also updated its Q4 guidance to 0.40-0.45 EPS.
Costar Group Inc (CSGP) traded up 0.81% on Wednesday, hitting $78.35. Costar Group Inc (CSGP) has a 1-year low of $55.56 and a 1-year high of $85.77. The company has a market cap of $2.210 billion and a price-to-earnings ratio of 337.91.
Costar Group last released its earnings data on Wednesday, October 24th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.08. The company’s quarterly revenue was up 50.5% on a year-over-year basis. On average, analysts predict that Costar Group Inc (CSGP) will post $1.49 earnings per share for the current fiscal year.
A number of research firms have also recently commented on CSGP. Analysts at Morgan Stanley downgraded shares of Costar Group from an equal weight rating to an underweight rating in a research note to investors on Thursday, August 16th. They now have a $73.00 price target on the stock. Analysts at Needham & Company reiterated a buy rating on shares of Costar Group in a research note to investors on Friday, July 27th.
CoStar Group, Inc. (CoStar) is a provider of information, marketing and analytic services to the commercial real estate industry in the United States and United Kingdom.
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