CoStar Gr: Q4 Earnings Insights

CoStar Gr CSGP reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

CoStar Gr beat estimated earnings by 20.69%, reporting an EPS of $0.35 versus an estimate of $0.29.

Revenue was up $62.39 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 9.95% drop in the share price the next day.

Here's a look at CoStar Gr's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.23	0.23	0.24	0.24
EPS Actual	0.25	0.26	0.28	0.29
Revenue Estimate	497.89M	470.58M	454.03M	434.22M
Revenue Actual	499.32M	480.33M	457.70M	444.39M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

CoStar Gr management provided guidance for their next quarter, expecting earnings between $0.27 and $0.28 per share for the next quarter.

This represents a -21.43% in quarter-over-quarter growth for CoStar Gr, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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