Costar Group Earnings Preview: Can This Streak Continue?

Costar Group (NASDAQ:CSGP) will report earnings after markets close on Wednesday, April 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 $0.44 per share on revenues of $102.55 million. Currently, the company’s P/E ratio stands at 285.76.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.52 and has not changed. For the current year, the average estimate is a profit of $2.13, which is worse than the estimate ninety days ago.

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Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 212.43 209.66 226.26 251.74 349.94
Diluted EPS ($) 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 Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 66.16 68.63 85.22 96.00 100.08
Diluted EPS ($) 0.19 0.20 -0.25 0.24 0.18

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.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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

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