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StocksUpdated×3•Originally published 28 April 2026•Updated 28 April 2026•

1 min read

CoStar Group Beats Q1 Estimates and Issues Q2 Revenue Guidance

Key Facts

1CoStar Group expects Q2 revenue to range between $922.0 million and $932.0 million.

2The company reported Q1 revenue of $897.0 million, slightly exceeding estimates.

3Adjusted EPS for the second quarter is expected to be between $0.27 and $0.30.

CoStar Group (CSGP) reported robust first-quarter results, with revenue increasing 23% to $897 million, slightly outperforming analyst expectations. Despite beating adjusted EPS estimates and raising full-year forecasts for adjusted EBITDA and EPS, the company's stock dropped 4.6% following the announcement. This negative reaction was fueled by investor concerns regarding a long-term decline in adjusted operating margins and flat EPS performance over the last five years. To support shareholder value, the board authorized a significant $1.50 billion share repurchase program. Furthermore, the company set its second-quarter EPS guidance at $0.270–$0.300, surpassing consensus estimates. While the Homes.com application continues to drive organic traffic, market participants remain cautious about the sustainability of margin expansion.

about 1 month ago

Version History

Version 3about 1 month ago

What changed: Updated the story to include the 4.6% stock price drop, the upward revision of full-year guidance, and investor concerns regarding long-term margin compression and historical EPS stagnation.

Version 2about 1 month ago

What changed: Added details regarding the $1.5 billion share repurchase authorization and specific Q2 EPS guidance figures.

Version 1about 1 month ago

What changed: Updated the story to include details on the shift to profitability, 23% revenue growth, and the 2026 guidance raise driven by the success of the Homes.com AI platform.