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

Reuters

Feb 19, 2025

** 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** 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":0,"need_auth":false,"code":"91000000","status":"200"}}}