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

Posted by Geri Gentry on Jul 29th, 2026

CoStar Group (NASDAQ:CSGP – Get Free Report) issued an update on 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.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSGP. William Blair reaffirmed a “market perform” rating on shares of CoStar Group in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. BTIG Research lowered their target price on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Robert W. Baird set a $34.00 price target on shares of CoStar Group and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.67.

Get Our Latest Stock Report on CoStar Group

CoStar Group Stock Down 3.3%

CSGP stock traded down $1.01 during trading on Wednesday, reaching $29.32. 7,973,538 shares of the stock were exchanged, compared to its average volume of 7,222,417. The firm’s 50 day moving average is $30.83 and its 200 day moving average is $40.64. The firm has a market cap of $11.97 billion, a P/E ratio of 488.13, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. CoStar Group has a twelve month low of $25.89 and a twelve month high of $97.43.

CoStar Group (NASDAQ:CSGP – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. 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. As a group, research analysts forecast that CoStar Group will post 1.03 EPS for the current year.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This represents a 4.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.18% of the company’s stock.

Key CoStar Group News

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

Positive Sentiment: CoStar reported second-quarter revenue of $925 million, up 18.4% year over year, while adjusted EPS of $0.32 exceeded analyst expectations of approximately $0.28–$0.29. Net income rose sharply and adjusted EBITDA more than doubled, supporting management’s profitability-improvement strategy. CoStar Group Q2 2026 Results
Positive Sentiment: Full-year 2026 EPS guidance of $1.32–$1.39 is above the roughly $1.29 consensus estimate, indicating confidence in continued earnings growth despite near-term revenue concerns.
Positive Sentiment: BTIG, Needham and Citizens JMP maintained bullish views, assigning buy or market-outperform ratings and price targets of $42, $40 and $35, respectively. These targets imply substantial potential upside from recent trading levels. Benzinga analyst coverage
Neutral Sentiment: William Blair reaffirmed a market-perform rating, while Keefe, Bruyette & Woods kept its market-perform rating but reduced its target to $29 from $41, reflecting a more cautious view of near-term execution.
Negative Sentiment: Third-quarter guidance was the primary negative catalyst: CoStar forecast EPS of $0.31–$0.34 versus consensus of $0.36 and revenue of $935–$945 million versus expectations of approximately $970 million. The outlook suggests slower near-term growth and likely contributed to the stock’s decline.
Negative Sentiment: Although quarterly earnings exceeded estimates, revenue was slightly below consensus and net new bookings increased only 3% sequentially to $69 million, raising questions about demand momentum.
Negative Sentiment: The broad analyst response was cautious: Citizens JMP, BTIG and Needham all lowered their price targets, while KBW’s sharply reduced target implies limited upside. The revisions suggest that analysts are adjusting valuation assumptions after the weaker third-quarter outlook.

Institutional Trading of CoStar Group

Several large investors have recently added to or reduced their stakes in CSGP. Viking Global Investors LP purchased a new position in shares of CoStar Group during the 2nd quarter worth $258,773,000. Ion Asset Management Ltd. increased its stake in shares of CoStar Group by 730.3% in the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company’s stock worth $94,055,000 after purchasing an additional 1,028,933 shares in the last quarter. Amundi raised its holdings in CoStar Group by 31.2% in the 4th quarter. Amundi now owns 4,114,516 shares of the technology company’s stock worth $276,660,000 after purchasing an additional 979,380 shares during the period. Invesco Ltd. lifted its position in CoStar Group by 18.7% during the fourth quarter. Invesco Ltd. now owns 5,387,056 shares of the technology company’s stock valued at $362,226,000 after purchasing an additional 849,713 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in CoStar Group by 5,664.9% during the fourth quarter. Squarepoint Ops LLC now owns 795,563 shares of the technology company’s stock valued at $53,494,000 after purchasing an additional 781,763 shares during the period. Institutional investors own 96.60% of the company’s stock.

About CoStar Group

(Get Free Report)

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.