CoStar Group (CSGP) Expected to Announce Quarterly Earnings on Tuesday

CoStar Group (NASDAQ:CSGP) is anticipated to announce its Q1 2025 earnings results after the market closes on Tuesday, April 29th. Analysts expect CoStar Group to post earnings of $0.13 per share and revenue of $729.58 million for the quarter. CoStar Group has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $709.40 million during the quarter, compared to the consensus estimate of $703.00 million. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. On average, analysts expect CoStar Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CoStar Group Trading Down 2.4 %

Shares of NASDAQ CSGP opened at $77.81 on Tuesday. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 222.31 and a beta of 0.88. The business has a 50 day simple moving average of $77.57 and a 200 day simple moving average of $75.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96. CoStar Group has a 52 week low of $68.26 and a 52 week high of $93.94.

CoStar Group declared that its board has authorized a share repurchase plan on Tuesday, February 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have commented on CSGP. The Goldman Sachs Group initiated coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a “buy” rating on the stock. Piper Sandler began coverage on CoStar Group in a report on Friday, February 28th. They set an “overweight” rating on the stock. Wells Fargo & Company reduced their target price on CoStar Group from $65.00 to $63.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Craig Hallum assumed coverage on CoStar Group in a report on Friday, February 28th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $83.00 price objective on shares of CoStar Group in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.54.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $79.90, for a total value of $139,745.10. Following the transaction, the chief accounting officer now directly owns 29,456 shares in the company, valued at $2,353,534.40. The trade was a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.57% of the stock is owned by insiders.

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. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; 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.