CoStar Group, Inc. (NASDAQ:CSGP) is reporting second quarter financial results on Tuesday 28th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, CSGP is expected to report 2Q20 income of $ 2.00 per share from revenue of $ 390.23 million.
For the full year, analysts anticipate top line of $ 1614.26 million, while looking forward to income of $ 9.11 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 387.00 million ~ $ 392.00 million
Full Year 2020 topline are forecasted in a range of$ 1,650.00 million ~ $ 1,665.00 million, where as bottomline are predicted in a range of $ 10.20 ~ $ 10.40 per share
Click Here For More Historical Outlooks Of CoStar Group, Inc.
Previous Quarter Performance
CoStar Group, Inc. reported income for the first quarter of $ 2.44 per share, from the revenue of $ 391.85 million. The quarterly earnings reduced 3.56 percent while revenues expanded 19.64 percent compared with the same quarter last year.
Street analysts expected CoStar Group, Inc. to report income of $ 2.27 per share on revenue of $ 387.42 million for the first quarter. The bottom line results beat street analysts by $ 0.17 or 7.49 percent, at the same time, top line results outshined analysts by $ 4.43 million or 1.14 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of CoStar Group, Inc.
Stock Performance
According to the previous trading day, closing price of CSGP was $ 719.17, representing a 43.76 % increase from the 52 week low of $ 500.24 and a 3.74 % decrease over the 52 week high of $ 747.11.
The company has a market capital of $ 28.31 billion and is part of the Real Estate sector and Real Estate Services industry.
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Recent Analyst recommendations
- On 19th June 2020, maintained by Needham & Company LLC at Buy rating, with $ 775.00 target price.
- On 18th June 2020, initiated by Robert W. Baird at Outperform rating, with $ 755.00 target price.
Conference Call
CoStar Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th July 2020, to discuss its 2Q20 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.
