CoStar Group Sees Q2 Revenue Of $674M-$679M (Est $682.235M), Adj EPS Of $0.09-$0.10 (Est $0.09)
Portfolio Pulse from Benzinga Newsdesk
CoStar Group projects its Q2 revenue to be between $674M-$679M, slightly below the estimated $682.235M, with an adjusted EPS of $0.09-$0.10, aligning with the lower end of the $0.09 estimate.
April 23, 2024 | 8:21 pm
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CoStar Group's Q2 revenue projection falls slightly short of analyst expectations, with adjusted EPS meeting the lower end of estimates.
The slight miss in revenue projections compared to analyst expectations could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively. However, the EPS meeting the lower end of estimates might mitigate some of the negative impact.
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