CoStar Group Sees Q4 EPS $0.31-$0.32 Vs $0.35 Est.; Revenue $630M-$635M Vs $644.27M Est.; FY23 EPS $1.21-$1.22 Vs $1.24 Est.; Revenue $2.445B-$2.450B Vs $2.46B Est.
Portfolio Pulse from Happy Mohamed
CoStar Group has released its Q4 and FY23 outlook, expecting lower EPS and revenue than estimated. The company anticipates Q4 EPS to be $0.31-$0.32 against an estimate of $0.35, and revenue to be $630M-$635M against an estimate of $644.27M. For FY23, EPS is expected to be $1.21-$1.22 against an estimate of $1.24, and revenue to be $2.445B-$2.450B against an estimate of $2.46B. Despite the lower estimates, the company expects year-over-year growth of approximately 12% for FY23 and 10% for Q4.
October 24, 2023 | 8:09 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CoStar Group's lower than expected EPS and revenue estimates for Q4 and FY23 may negatively impact its stock price in the short term. However, the company's projected YoY growth could mitigate this impact.
CoStar Group's lower than expected EPS and revenue estimates for Q4 and FY23 could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price. However, the company's projected year-over-year growth could offset this negative impact, as it indicates a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100