CoStar Group (CSGP) reported mixed financial results for the first quarter of 2026. Adjusted earnings per share reached $0.23, exceeding the $0.18 analyst forecast. Revenue increased 23% year-over-year to $897 million. This total narrowly missed the $897.47 million consensus estimate.
The performance represents the company's 60th consecutive quarter of double-digit revenue growth. CoStar Group shares declined 4% after the release.
The company increased its full-year 2026 guidance for adjusted EBITDA and adjusted EPS. Second-quarter revenue is projected to fall between $922 million and $932 million.
The earnings report noted strong momentum for the Homes.com residential marketplace. Separately, Citizens Financial Group reduced its price target for the stock. Analysts cited specific concerns regarding the Homes.com business segment.