BUZZ-CoStar falls on lower-than-expected annual revenue forecast

Reuters

02-19

BUZZ-CoStar falls on lower-than-expected annual revenue forecast

** Real estate information provider CoStar Group CSGP.O falls over 3.8% to $72.58 in premarket trading

** Co forecast annual revenue below Wall Street expectations on Tuesday, as the property market continues to see headwinds from elevated mortgage rates and housing prices

** Co expects 2025 revenue between $2.99 bln and $3.02 bln, compared with analysts' average estimate of $3.08 bln, according to data compiled by LSEG

** Co reported revenue of $709.4 mln for the quarter ended December 31; profit fell 37.5% to $60 mln, or 15 cents/share

** Twelve of 16 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell"; their median PT is $85 - LSEG data

** CSGP shares up 5.4% YTD as of last close; stock fell ~18.1% in 2024

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com;))

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profit fell 37.5% to $60 mln, or 15 cents/share</p><p>** Twelve of 16 brokerages rate the stock \"buy\" or higher, 3 \"hold\" and 1 \"sell\"; their median PT is $85 - LSEG data</p><p>** CSGP shares up 5.4% YTD as of last close; stock fell ~18.1% in 2024</p><p> (Reporting by Ateev Bhandari in Bengaluru)</p><p> ((Ateev.Bhandari@thomsonreuters.com;))</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CSGP","symbol_name":"科斯塔","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250219:nL3N3PA0WG:1","article_id":"2512210085","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512210085","pubTimestamp":1739973948,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-CoStar falls on lower-than-expected annual revenue forecast** Real estate information provider CoStar Group CSGP.O falls over 3.8% to $72.58 in premarket trading** Co forecast annual revenue below Wall Street expectations on Tuesday, as the property market continues to see headwinds from elevated mortgage rates and housing prices** Co expects 2025 revenue between $2.99 bln and $3.02 bln, compared with analysts' average estimate of $3.08 bln, according to data compiled by LSEG  ** Co reported revenue of $709.4 mln for the quarter ended December 31; profit fell 37.5% to $60 mln, or 15 cents/share** Twelve of 16 brokerages rate the stock \"buy\" or higher, 3 \"hold\" and 1 \"sell\"; their median PT is $85 - LSEG data** CSGP shares up 5.4% YTD as of last close; stock fell ~18.1% in 2024  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CSGP":"科斯塔","LSEG.UK":"伦敦证券交易所"},"translate_title":"BUZZ-CoStar因年收入预测低于预期而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSGP":0.9,"LSEG.UK":0.9},"content_text":"BUZZ-CoStar falls on lower-than-expected annual revenue forecast** Real estate information provider CoStar Group CSGP.O falls over 3.8% to $72.58 in premarket trading** Co forecast annual revenue below Wall Street expectations on Tuesday, as the property market continues to see headwinds from elevated mortgage rates and housing prices** Co expects 2025 revenue between $2.99 bln and $3.02 bln, compared with analysts' average estimate of $3.08 bln, according to data compiled by LSEG  ** Co reported revenue of $709.4 mln for the quarter ended December 31; profit fell 37.5% to $60 mln, or 15 cents/share** Twelve of 16 brokerages rate the stock \"buy\" or higher, 3 \"hold\" and 1 \"sell\"; their median PT is $85 - LSEG data** CSGP shares up 5.4% YTD as of last close; stock fell ~18.1% in 2024 (Reporting by Ateev Bhandari in Bengaluru) ((Ateev.Bhandari@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,dataReport","news_rank":0,"symbols":[],"gpt_button":1}}}