CoStar Group sinks after annual revenue forecast cut

CoStar

29/07/2026 10:57

** Real estate information provider CoStar Group's shares CSGP.O fall 14% to $26.1 in premarket trading
** Co cuts FY revenue to between $3.72-$3.76 bln from previous forecast of $3.78-$3.82 bln
** New forecast falls slightly below average expectations of $3.77 bln - data compiled by LSEG 
** Sees Q3 revenue between $935-$945 mln and adj.EPS in the range of $0.31 - $0.34, lower expectations of $967.7 mln and $0.38
** Q2 results mixed with revenue a miss and profit a beat 
** A reeling real-estate market under high borrowing costs has hit demand for co's commercial real-estate databases and subscription-based analytics
** 15 of 22 brokerages rate the stock "buy" or higher, six "hold" and one "sell"; median PT is $40 - LSEG 
** As of last close, stock has more than halved YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((anandgopal.r@thomsonreuters.com))