Key Highlights:
- CoStar Group (CSGP, Financial) posted Q1 revenue of $732 million, reflecting an 11.6% year-over-year growth.
- The company's GAAP EPS of -$0.04 missed Wall Street expectations by $0.05.
- Analysts predict a potential upside of 3.77%, with a one-year price target of $85.82.
CoStar Group's Financial Performance in Q1
CoStar Group (CSGP) recently announced its first-quarter financial results, revealing a GAAP EPS of -$0.04, which fell short of market expectations by $0.05. Despite this, the company's revenue reached $732 million, showcasing an impressive 11.6% increase from the previous year and exceeding forecasts by $2.45 million.
Wall Street's Take on CoStar Group
Wall Street analysts have set forth a one-year price target for CoStar Group Inc (CSGP, Financial), with the average target sitting at $85.82. The estimates range from a high of $103.00 to a low of $63.00, suggesting a potential upside of 3.77% from the current trading price of $82.70. For investors seeking more detailed forecast data, visit the CoStar Group Inc (CSGP) Forecast page.
Brokerage Firm Recommendations
The consensus among 17 brokerage firms showcases an "Outperform" recommendation for CoStar Group Inc (CSGP, Financial), with an average brokerage recommendation of 2.1 on a scale where 1 represents a Strong Buy and 5 indicates a Sell. This consensus reflects confidence in the company's potential for continued growth.
GuruFocus Estimates and GF Value
According to GuruFocus estimates, the GF Value for CoStar Group Inc (CSGP, Financial) over the next year is projected to be $108.39, indicating a significant potential upside of 31.06% from the current price of $82.70. The GF Value is calculated based on historical trading multiples, past business growth, and future performance estimates. For more comprehensive data, explore the CoStar Group Inc (CSGP) Summary page.
