Skip to main content

CoStar Group (NASDAQ:CSGP) Issues Q2 2021 Earnings Guidance

Tuesday, May 4, 2021 | MarketBeat

CoStar Group (NASDAQ:CSGP) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.220-2.320 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.310. The company issued revenue guidance of $465 million-$470 million, compared to the consensus revenue estimate of $468.63 million.CoStar Group also updated its FY 2021 guidance to 11.200-11.400 EPS.

CSGP stock opened at $858.91 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 16.35 and a current ratio of 16.35. The company has a market capitalization of $33.92 billion, a price-to-earnings ratio of 115.29 and a beta of 0.97. The business's 50 day moving average price is $864.08 and its two-hundred day moving average price is $875.30. CoStar Group has a fifty-two week low of $604.96 and a fifty-two week high of $952.76.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Monday, April 26th. The technology company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.35. CoStar Group had a return on equity of 7.58% and a net margin of 17.57%. During the same period in the previous year, the firm posted $2.44 EPS. Sell-side analysts forecast that CoStar Group will post 8.39 earnings per share for the current year.

Several research analysts recently commented on CSGP shares. TheStreet lowered CoStar Group from a b rating to a c+ rating in a research report on Tuesday, February 23rd. JMP Securities lifted their price target on CoStar Group from $950.00 to $1,025.00 and gave the stock an outperform rating in a research report on Wednesday, April 28th. Zacks Investment Research upgraded CoStar Group from a sell rating to a hold rating in a research report on Monday. The Goldman Sachs Group reiterated a buy rating and issued a $979.00 price target (up previously from $359.00) on shares of CoStar Group in a research report on Monday, March 22nd. Finally, Needham & Company LLC lifted their price target on CoStar Group from $1,000.00 to $1,100.00 and gave the stock a buy rating in a research report on Wednesday, April 28th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $941.27.

In related news, Director Laura Cox Kaplan sold 1,062 shares of the business's stock in a transaction on Friday, April 30th. The shares were sold at an average price of $869.03, for a total transaction of $922,909.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew C. Florance sold 19,570 shares of the company's stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $818.37, for a total transaction of $16,015,500.90. Insiders have sold 35,792 shares of company stock worth $29,631,818 over the last three months. Corporate insiders own 1.67% of the company's stock.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property Professional that provides inventory of office, industrial, retail, and multifamily, and student housing properties and land; CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.

Featured Story: What is a growth and income fund?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What is the Beige Book?


7 Stocks to Watch When Student Debt Forgiveness Gets Passed

Now that the Biden administration is fully in charge, student debt forgiveness has moved to the front burner. Consider these numbers. There is an estimated $1.7 trillion in student debt. The average student carries approximately $30,000 in student loans.

If $10,000 of student debt were to be canceled, there are estimates that one-third of borrowers (between 15 million to 16.3 million) would become debt-free. Of course, if the number hits $50,000 as some lawmakers are suggesting the impact would even greater.

Putting aside personal thoughts on the wisdom of pursuing this path, it has the potential to unleash a substantial stimulus into the economy.

And as an investor, it’s fair to ask where that money would go. After all, there’s no harm in having investors profit from this stimulus as well.

A counter-argument is that the absence of one monthly payment may not provide enough money to make an impact. However, Senator Elizabeth Warren referred to the effect student loans have in preventing many in the millennial and Gen-Z generations from pursuing big picture life goals such as buying a house, starting a business, or starting a family.

With that in mind, we’ve put together this special presentation that looks at 7 stocks that are likely to benefit if borrowers are set free from the burden of student loans.

View the "7 Stocks to Watch When Student Debt Forgiveness Gets Passed".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.