CoStar Group tops Q3 revenue and adjusted EPS forecasts
According to Reuters, CoStar Group posted Q3 revenue of $952 million and adjusted EPS of $0.38, both ahead of IBES estimates.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Reuters, CoStar Group's third-quarter revenue reached $952 million, against an IBES estimate of $946.2 million. Adjusted earnings per share came in at $0.38, compared with expectations of $0.34. Operating income was $84 million, net income $74 million and gross profit $741 million.
The company also updated its guidance. Full-year revenue is now expected in a range of $3,750–3,770 million, versus an IBES estimate of $3,755 million, while adjusted EBITDA is seen at $820–840 million. For the fourth quarter, revenue guidance is $976–996 million against an IBES estimate of $985.1 million.
why it matters
The beat on revenue and earnings supports interest in CoStar shares, but fourth-quarter guidance sits close to consensus, so the market reaction may be moderate. The report also suggests that demand for the company's services stayed steady in the third quarter.
market impact
CoStar shares: results above estimates on revenue and earnings support the stock, guidance is near consensus
- CoStar Group shares pressure up — revenue and adjusted earnings beat IBES estimates
tags
instruments
sources
- BRIEF-CoStar Group Q3 EPS USD 0.18 — Reuters, 27 October 2026 at 20:06 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗