CoStar Group Revises FY24 Revenue Outlook From $2.75B-$2.77B To $2.76B-$2.77B (Est $2.768B), Adj EPS From $0.57-$0.60 To $0.58-$0.62 (Est $0.60)
Portfolio Pulse from Benzinga Newsdesk
CoStar Group has updated its FY24 revenue forecast to $2.76B-$2.77B from the previous $2.75B-$2.77B, with adjusted EPS now expected to be between $0.58 and $0.62, up from $0.57-$0.60. CFO Scott Wheeler highlighted a strong start to Q1 2024 as the reason for the optimistic revision.
April 23, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
CoStar Group has raised its FY24 revenue and adjusted EPS forecasts, indicating a strong financial performance and optimistic future outlook.
The revision in CoStar Group's FY24 revenue and EPS forecasts suggests a positive momentum in its business operations, likely driven by successful strategies or market conditions favoring its services. This update is expected to positively influence investor sentiment and potentially lead to an increase in stock price in the short term, as it surpasses previous estimates and indicates a robust financial health.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100