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Analysts Cut Forecasts on CoStar Group
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CoStar Group's positive Q4 earnings contrast with weak guidance, leading analysts to lower forecasts. Despite exceeding expectations with $640.10 million in sales, CoStar anticipates lower Q1 earnings and revenue. The FY24 forecast projects 57-60 cents EPS on $2.75-$2.77 billion revenue, prompting analysts to adjust price targets post-results.
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How might CoStar Group improve its guidance to align with market expectations?
In what ways could fluctuations in CoStar's forecasts impact investor confidence in the real estate sector?
What strategies could CoStar employ to enhance Q1 earnings and revenue?
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