Costar Group Earnings Preview: Can This Streak Continue?

Costar Group (NASDAQ:CSGP) will report earnings after markets close on Wednesday, July 24th. CoStar Group Inc. provides building-specific information to the United States commercial real estate industry and related industries. The Company’s database details office and industrial space. The database provides digitized photographs and floor plan images on individual commercial buildings in the company’s markets.

Here is your Cheat Sheet to Costar Group Earnings:

Earnings Expectations: Analysts expect earnings of $0.52 per share on revenues of $106.36 million. Currently, the company’s P/E ratio stands at 1,570.92.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.56 to a profit $0.58. For the current year, the average estimate is a profit of $2.19, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Costar Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 212 210 226 252 350
Diluted EPS ($) 1.26 0.94 0.64 0.62 0.37

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 85.22 96.00 100.08 104.03
Diluted EPS ($) -0.25 0.24 0.17 -0.09

Past Performance:
Costar Group has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]