Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1659.3%
Neutral933.3%
Bearish27.4%
CoStar Group, Inc. · CSGP · FY2026 Q1 · Calendar Q2 2026
CoStar Group Q1 2026: Revenue Up 23%, EBITDA Doubles, Guidance Raised
CoStar Group entered FY2026 with strong momentum, posting 23% year-over-year revenue growth to $897 million and doubling adjusted EBITDA. The company beat consensus EPS estimates by approximately 32% and raised guidance for both FY2026 and FY2028 EBITDA and EPS, a shift from the prior quarter's maintained stance. Despite the beat-and-raise, the stock fell roughly 5% on the report at 2.7x normal volume and has continued to drift lower. Analyst concerns about a sequential decline in net bookings and the pace of sales-force productivity gains may help explain the disconnect between results and market reaction. At $28.38, the stock trades at a wide discount to the $40.10 consensus analyst target, reflecting the tension between management's confident growth narrative and the execution risk the market is pricing in.
Reported After market closeNASDAQReal Estate
$12.03B market cap
100quality score
Company context
Snapshot as of publicationCoStar Group, Inc. (CSGP) stands as a premier global provider of comprehensive information, sophisticated analytics, and dynamic online marketplace services. The company caters to professionals within the commercial real estate, hospitality, residential, and related industries, extending its reach across the United States, Canada, Europe, the Asia Pacific region, and Latin America. Its diverse suite of offerings encompasses powerful data platforms like CoStar Property, which meticulously catalogues an extensive inventory of various property types, including office, industrial, retail, multifamily, hospitality, student housing, and undeveloped land. Other key analytical tools comprise CoStar COMPS, a robust repository of comparable commercial real estate sales transactions; CoStar Market Analytics, designed for examining aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical resource providing detailed tenant information.…
Earnings scorecard
Reported versus consensus
Reported EPS
$0.23
Consensus $0
EPS surprise
+32.0%
Reported versus consensus
Reported revenue
$897.0M
Consensus $896.7M
Revenue surprise
+0.0%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$28.8Current
$26Low
$60.17Average
$110High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wolfe Research | Outperform | Outperform | Maintain | Jul 29, 2026 |
| William Blair | Market Perform | Outperform | Downgrade | Jul 29, 2026 |
| Needham | Buy | Buy | Maintain | Jul 29, 2026 |
| Keefe, Bruyette & Woods | Market Perform | Outperform | Downgrade | Jul 29, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 29, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Jul 29, 2026 |
| Citigroup | Neutral | Buy | Downgrade | Jul 29, 2026 |
| BTIG | Buy | Buy | Maintain | Jul 29, 2026 |
| Baird | Neutral | Outperform | Downgrade | Jul 14, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 13, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 25, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Jun 24, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | May 19, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | May 4, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Feb 26, 2026 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Apr 30, 2025 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Mar 12, 2025 |
| Jefferies | Hold | Hold | Maintain | Apr 12, 2024 |
| Truist Securities | Buy | Buy | Maintain | Oct 25, 2023 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Apr 29, 2020 |
| B. Riley Securities | Buy | Buy | Maintain | Apr 23, 2020 |
| B. Riley FBR | Buy | Buy | Maintain | Apr 23, 2020 |
| B. Riley | Buy | Buy | Maintain | Oct 21, 2019 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Jul 10, 2019 |
| Bank of America | Buy | Buy | Maintain | Apr 24, 2019 |
| Morgan Stanley | Underweight | Equal Weight | Downgrade | Aug 16, 2012 |
| Raymond James | Market Perform | Outperform | Downgrade | Jul 6, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $28.8. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BTIG | Analyst unavailable | $42 | $30.33 | +45.9% | Jul 29, 2026 |
| Goldman Sachs | George Tong | $40 | $30.33 | +38.9% | Jul 29, 2026 |
| Needham | Mayank Tandon | $40 | $30.33 | +38.9% | Jul 29, 2026 |
| Wolfe Research | Scott Wurtzel | $32 | $30.33 | +11.1% | Jul 29, 2026 |
| Robert W. Baird | Jeffrey Meuler | $34 | $28.77 | +18.1% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $34 | $28.39 | +18.1% | Jul 13, 2026 |
| Goldman Sachs | Analyst unavailable | $46 | $29.81 | +59.7% | Jun 25, 2026 |
| Wells Fargo | Analyst unavailable | $26 | $30.26 | -9.7% | Jun 24, 2026 |
| Stephens | Analyst unavailable | $42 | $34.72 | +45.9% | May 4, 2026 |
| Deutsche Bank | Analyst unavailable | $44 | $33.95 | +52.8% | Apr 30, 2026 |
| Needham | Mayank Tandon | $50 | $34.31 | +73.6% | Apr 29, 2026 |
| BTIG | Jake Fuller | $55 | $37.6 | +91.0% | Apr 15, 2026 |
| Stephens | Brett Huff | $50 | $37.68 | +73.6% | Apr 14, 2026 |
| BTIG | Analyst unavailable | $60 | $44.78 | +108.4% | Feb 26, 2026 |
| Robert W. Baird | Jeffrey Meuler | $73 | $43.53 | +153.5% | Feb 25, 2026 |
| Jefferies | Analyst unavailable | $67 | $49.07 | +132.7% | Feb 20, 2026 |
| Wells Fargo | Analyst unavailable | $48 | $51.73 | +66.7% | Feb 4, 2026 |
| BTIG | Jake Fuller | $80 | $65.81 | +177.8% | Jan 27, 2026 |
| BNP Paribas | Analyst unavailable | $64 | $61.82 | +122.3% | Jan 14, 2026 |
| Goldman Sachs | George Tong | $84 | $61.82 | +191.7% | Jan 14, 2026 |
| Deutsche Bank | Analyst unavailable | $68 | $62.03 | +136.2% | Jan 8, 2026 |
| Goldman Sachs | Analyst unavailable | $72 | $62.13 | +150.0% | Jan 8, 2026 |
| Wells Fargo | Jason Haas | $55 | $61.66 | +91.0% | Jan 8, 2026 |
| BMO Capital | Analyst unavailable | $72 | $61.66 | +150.0% | Jan 8, 2026 |
| Goldman Sachs | Analyst unavailable | $78 | $61.66 | +170.9% | Jan 8, 2026 |
| Raymond James | Analyst unavailable | $74 | $61.66 | +157.0% | Jan 7, 2026 |
| Wells Fargo | Analyst unavailable | $60 | $68.05 | +108.4% | Nov 17, 2025 |
| Wolfe Research | Scott Wurtzel | $105 | $87.86 | +264.6% | Sep 3, 2025 |
| Stephens | Brett Huff | $105 | $81.94 | +264.6% | Jun 16, 2025 |
| UBS | Analyst unavailable | $89 | $76.25 | +209.1% | Feb 28, 2025 |
| Citigroup | Peter Christiansen | $90 | $72.82 | +212.6% | Oct 23, 2024 |
| RBC Capital | Ashish Sabadra | $83 | $76.87 | +188.2% | Oct 23, 2024 |
| RBC Capital | Ashish Sabadra | $96 | $78.22 | +233.4% | Oct 16, 2024 |
| Robert W. Baird | Jeffrey Meuler | $100 | $77.37 | +247.3% | Sep 24, 2024 |
| Goldman Sachs | George Tong | $93 | $77.37 | +223.0% | Sep 24, 2024 |
| Citigroup | Peter Christiansen | $97 | $77.36 | +236.9% | Sep 6, 2024 |
| JMP Securities | Nicholas Jones | $90 | $74.84 | +212.6% | Jul 24, 2024 |
| Goldman Sachs | George Tong | $108 | $72.73 | +275.1% | Jun 20, 2024 |
| BMO Capital | Jeff Silber | $88 | $91.95 | +205.6% | Apr 25, 2024 |
| BMO Capital | Jeff Silber | $84 | $84.18 | +191.7% | Apr 19, 2024 |
| RBC Capital | Ashish Sabadra | $109 | $95.82 | +278.5% | Mar 25, 2024 |
| Robert W. Baird | Jeffrey Meuler | $105 | $96.15 | +264.6% | Mar 18, 2024 |
| JMP Securities | Nicholas Jones | $110 | $96.15 | +282.0% | Mar 18, 2024 |
| RBC Capital | Ashish Sabadra | $95 | $83.24 | +229.9% | Feb 21, 2024 |
| Needham | Mayank Tandon | $100 | $84.64 | +247.3% | Jul 26, 2023 |
| J.P. Morgan | Analyst unavailable | $110 | $77.88 | +282.0% | Dec 16, 2022 |
| Needham | Analyst unavailable | $77 | $64 | +167.4% | Apr 27, 2022 |
Track every rating change on CSGP the moment it posts. Free to start.
Start freeMarket reaction
event-close to next-session close
Stock move
-5.1%
Event window
SPY move
-0.0%
Same window
Abnormal move
-5.0%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
-5.4%
Up to 20 sessions
CSGPSPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Revenue growth accelerated from 19% in FY2025 to 23% YoY in Q1 2026. Guidance sentiment shifted from maintained (Q4 2025) to raised (Q1 2026) for both EBITDA and EPS. Homes.com demonstrated an 11x ROI for members, prompting a price increase in May. LoopNet introduced asset-based pricing, driving dramatic increases in listing volume within its first month. New partnerships were announced with eXp Realty and data feed agreements with 663 homebuilders. CoStar Debt Solutions progress continues, with CRE debt benchmarking planned for H2 2026 and loan origination in Q1 2027.
Guidance delta
Management raised guidance for both FY2026 and FY2028 EBITDA and EPS, reflecting higher margin expectations. This marks a shift from the prior quarter, when FY2026 guidance was maintained. The raised outlook underscores management's confidence in continued double-digit growth across all segments.
Key takeaways
- Q1 2026 revenue grew 23% YoY to $897M, with adjusted EBITDA doubling year-over-year.
- EPS of $0.23 exceeded the consensus estimate of $0.17 by approximately 32%.
- Management raised FY2026 and FY2028 EBITDA and EPS guidance, citing higher margin expectations.
- Homes.com members achieved an 11x return on subscription fees, prompting a May price increase.
- LoopNet asset-based pricing drove a 650% increase in high-end listing volume within its first month.
- AI-enhanced products (Homes AI, Apartments AI, Matterport) are boosting user engagement and conversion rates.
Management priorities
- Launch CoStar Rent Benchmark in summer 2026
- Roll out Phase 1 of CoStar New Homes in Q2 2026
- Introduce CRE debt benchmarking in H2 2026 and loan origination workflow in Q1 2027
- Deploy Apartments AI before the June Apartmentalize trade show
- Expand LoopNet into Australia, Germany, and additional markets
- Increase field sales headcount across Homes.com, Apartments.com, and LoopNet
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-31T15:32:10.993397+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T15:32:10.990551+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.