- CoStar’s first quarter revenue forecast is between $711 million and $716 million, falling short of the $729 million estimate.
- The annual revenue forecast for CoStar is set between $2.99 billion and $3.02 billion, which is below the analyst estimate of $3.08 billion.
- For the fourth quarter, CoStar reported revenue of $709.4 million, which is an 11% increase year-over-year and slightly above the $703 million estimate.
- Analyst recommendations for CoStar include 11 buys, 4 holds, and 1 sell.
A look at Costar Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts are optimistic about the long-term outlook for Costar Group, a company providing building-specific information to the commercial real estate industry in the United States. With a strong score of 5 in Resilience, Costar Group demonstrates stability and durability in the face of market fluctuations. This resilience factor indicates the company’s ability to weather economic downturns and challenges, positioning it well for long-term success.
Furthermore, Costar Group receives favorable scores in Value and Growth, with scores of 3 in both aspects. This suggests that the company offers a good balance of value for investors and has potential for future growth. While the Dividend score is lower at 1, indicating lower dividend payments, the overall outlook remains positive for Costar Group based on its solid performance across other key factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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