CoStar Group Inc (CSGP) Releases Earnings Results, Beats Expectations By $0.26 EPS

CoStar Group Inc (CSGP) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.95 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.26. Analysts had a consensus of $0.69. The company posted revenue of $200.00 million in the period, compared to analysts expectations of $197.15 million. The company’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

CoStar Group Inc opened for trading at $182.17 and hit $184.5 on the upside on Friday, eventually ending the session at $184.36, with a gain of 0.82% or 1.5 points. The heightened volatility saw the trading volume jump to 1,12,552 shares. Company has a market cap of $5,994 M.

In a different news, on Nov 16, 2015, Francis Carchedi (Executive VP, Operations) sold 3,414 shares at $201.65 per share price. According to the SEC, on Nov 12, 2015, Andrew C Florance (President and CEO) sold 17,612 shares at $205.10 per share price. On Jun 16, 2015, David Jay Steinberg (director) sold 1,225 shares at $204.82 per share price, according to the Form-4 filing with the securities and exchange commission.

CoStar Group Inc. (CoStar) is a provider of information analytics and online marketplaces to the commercial real estate industry. The Company has five flagship brands: CoStar LoopNet BizBuySell and LandsofAmerica. The Company has operations in the United States Canada the United Kingdom and France. The Company delivers its commercial real estate content to the United States customers primarily through an integrated suite of online service offerings that includes information about space available for lease comparable sales information information about properties for sale tenant information Internet marketing services analytical capabilities information for clients’ Websites information about industry professionals and their business relationships data integration and industry news. It also operates complementary online marketplaces for commercial real estate listings and apartment rentals.

CoStar Group Inc

Leave a Reply

CoStar Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on CoStar Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.