CoStar Group Inc (NASDAQ:CSGP) reported upbeat fourth-quarter financial results and issued FY26 adjusted EPS guidance with its midpoint below estimates.
CoStar reported quarterly earnings of 31 cents per share which beat the analyst consensus estimate of 27 cents per share. The company reported quarterly sales of $900.000 million which beat the analyst consensus estimate of $885.967 million.
CoStar Group affirmed FY2026 adjusted EPS guidance of $1.22-$1.33 and affirmed sales guidance of $3.780 billion-$3.820 billion.
“With our 59th consecutive quarter of double-digit revenue growth and Adjusted EBITDA surging 83% year-over-year, CoStar Group is entering a period of significant earnings acceleration,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “The heavy lifting of the Homes.com national brand launch is behind us, and the launch of Homes AI — the most sophisticated vertical AI application in real estate …