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.

Earnings

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.

Past Earnings Performance

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:

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).

Guidance

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.