Recap: CoStar Gr Q3 Earnings

Shares of CoStar Gr CSGP were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 13.41% over the past year to $2.26, which beat the estimate of $2.07.

Revenue of $425,620,000 up by 20.64% year over year, which beat the estimate of $417,430,000.

Guidance

CoStar Group Sees Q4 Adj. EPS $2.34-$2.44 vs $2.51 Est., Sales $429M-$435M vs $431.37M Est.; Sees FY20 Adj. EPS $9.39-$9.49 vs $9.36 Est., Sales $1.644B-$1.650B vs $1.64B Est.

Conference Call Details

Date: Oct 27, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.costargroup.com%2F&eventid=2633712&sessionid=1&key=EE211BFF03EDF3794A2DD39063EFF185&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $939.00

Company's 52-week low was at $500.24

Price action over last quarter: down 0.03%

Company Profile

CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, multifamily, healthcare, industrial, self-storage, and data centers. It operates five flagship brands: CoStar Suite, LoopNet, Apartments.com, BizBuySell, and LandsofAmerica with approximately three quarters of its revenue classified as subscription based. The company has also recently expanded its presence in Canada, the United Kingdom, Spain, and France.