What to Expect from CoStar Gr's Earnings

CoStar Gr (NASDAQ:CSGP) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect CoStar Gr to report an earnings per share (EPS) of $0.16.

The announcement from CoStar Gr is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

The company's EPS beat by $0.06 in the last quarter, leading to a 2.02% increase in the share price on the following day.

Here's a look at CoStar Gr's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.09

0.07

0.32

0.3

EPS Actual

0.15

0.10

0.33

0.3

Price Change %

2.0%

9.0%

3.0%

-4.0%

Stock Performance

Shares of CoStar Gr were trading at $79.25 as of October 18. Over the last 52-week period, shares are up 4.62%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on CoStar Gr

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding CoStar Gr.

Analysts have provided CoStar Gr with 9 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $98.56, suggesting a potential 24.37% upside.

Comparing Ratings with Peers

The analysis ...