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CoStar Gr: Q4 Earnings Insights

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.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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

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