Cbre Group Inc Reports Results For The Quarter Ended December 31: Earnings Summary

CBRE

13/02/2025 13:33

* CBRE Group Inc  CBRE.N  reported quarterly adjusted
earnings of
$2.32​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of
$1.38.  The mean expectation of eleven analysts for the quarter
was for earnings of $2.22 per share. Wall Street expected
results to range from $2.16  to $2.26 per share.
    * Revenue rose 16.2% to $10.40 billion from a year ago;
analysts
expected $10.29 billion. 
    * CBRE Group Inc's reported EPS for the quarter was $1.58​.
    * The company reported quarterly net income of $487 million.
    * CBRE Group Inc shares had risen by 7.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "buy"

Wall Street's median 12-month price target for CBRE Group Inc is
$156.00 
This summary was machine generated from LSEG data February 13 at
01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      2.22           2.32           Beat
 Sep. 30 2024      1.06           1.20           Beat
 Jun. 30 2024      0.76           0.81           Beat
 Mar. 31 2024      0.68           0.78           Beat