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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