CoStar Group (NASDAQ:CSGP) Issues Q3 2026 Earnings Guidance

CoStar Group (NASDAQ:CSGP) updated its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.310-0.340 for the period, compared to the consensus EPS estimate of 0.360. The company issued revenue guidance of $935.0 million-$945.0 million, compared to the consensus revenue estimate of $970.1 million. CoStar Group also updated its FY 2026 guidance to 1.320-1.390 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CSGP shares. Bank of America cut their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Benchmark began coverage on shares of CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 price target on the stock. Keefe, Bruyette & Woods cut their price target on shares of CoStar Group from $50.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Needham & Company LLC reduced their price objective on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Robert W. Baird set a $34.00 price objective on CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $51.50.

CoStar Group Stock Performance

CSGP stock traded up $1.16 during trading hours on Tuesday, reaching $30.33. The stock had a trading volume of 9,368,236 shares, compared to its average volume of 7,216,096. CoStar Group has a fifty-two week low of $26.68 and a fifty-two week high of $97.43. The stock has a market capitalization of $12.39 billion, a PE ratio of 505.58, a price-to-earnings-growth ratio of 0.71 and a beta of 0.74. The stock has a 50-day simple moving average of $30.90 and a 200 day simple moving average of $40.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Analysts predict that CoStar Group will post 1.03 EPS for the current fiscal year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the acquisition, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: CoStar reported quarterly EPS of $0.32, exceeding the consensus estimate of $0.29. Revenue reached $925 million, an 18% increase from the prior year, although it was slightly below the $928.8 million estimate. CoStar Group earnings press release
• Positive Sentiment: The company described the second quarter as a profitability inflection, highlighting an 817% increase in net income and more than a doubling of adjusted EBITDA year over year. Net new bookings also rose 3% sequentially to $69 million, supporting expectations for continued business growth. CoStar Group Q2 2026 results
• Positive Sentiment: Full-year 2026 EPS guidance of $1.32–$1.39 is above the $1.29 analyst consensus, signaling management expects better annual profitability than currently modeled.
• Neutral Sentiment: Investor optimism ahead of earnings, bargain hunting after the stock’s sharp decline from its 52-week high, and reported insider purchases likely contributed to the recent buying interest. These signals are supportive but are less important than the company’s operating results and guidance.
• Negative Sentiment: CoStar’s third-quarter EPS guidance of $0.31–$0.34 falls below the $0.36 consensus estimate, while revenue guidance of $935–$945 million is well below the $970.1 million forecast. Full-year revenue guidance of $3.7–$3.8 billion also has a midpoint below the $3.8 billion consensus, raising concerns about near-term growth and execution.

Institutional Trading of CoStar Group

Several hedge funds and other institutional investors have recently modified their holdings of CSGP. Brown Brothers Harriman & Co. boosted its holdings in shares of CoStar Group by 60.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,814 shares of the technology company’s stock worth $153,000 after acquiring an additional 684 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of CoStar Group during the second quarter worth approximately $146,000. Johnson Financial Group Inc. bought a new position in shares of CoStar Group during the third quarter worth approximately $123,000. NewEdge Advisors LLC lifted its holdings in CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Quarry LP lifted its holdings in CoStar Group by 221.3% during the 3rd quarter. Quarry LP now owns 1,269 shares of the technology company’s stock worth $107,000 after purchasing an additional 874 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.