CoStar Group (CSGP) Projected to Post Earnings on Tuesday

CoStar Group (NASDAQ:CSGP - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Tuesday, April 29th. Analysts expect the company to announce 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 - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. The company had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. 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 Stock Performance

Shares of NASDAQ:CSGP traded down $0.37 on Friday, hitting $82.85. The company had a trading volume of 973,556 shares, compared to its average volume of 2,733,695. The stock has a market cap of $33.98 billion, a price-to-earnings ratio of 236.95 and a beta of 0.88. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $78.06 and a 200 day moving average price of $76.11. CoStar Group has a 1-year low of $68.26 and a 1-year high of $93.29.

CoStar Group announced that its board has authorized a stock buyback program on Tuesday, February 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

CSGP has been the subject of several research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a research note on Thursday, April 17th. Needham & Company LLC decreased their target price on CoStar Group from $100.00 to $87.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft began coverage on CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating and a $89.00 price objective for the company. Citigroup cut their price target on CoStar Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Stephens reiterated an "overweight" rating and issued a $103.00 price objective on shares of CoStar Group in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, CoStar Group currently has a consensus rating of "Moderate Buy" and an average target price of $87.54.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $79.90, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.57% of the company's stock.

CoStar Group Company Profile

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.