CoStar Gr (NASDAQ: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:
| 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).
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.
