Cbre Group Inc Reports Results For The Quarter Ended In September 30: Earnings Summary

CBRE

24/10/2024 17:19

* CBRE Group Inc  CBRE.N  reported quarterly adjusted
earnings of
$1.20​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 72 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of $1.06 per share. Wall Street
expected results to range from $1.01  to $1.11 per share.
    * Revenue rose 14.8% to $9.04 billion from a year ago;
analysts
expected $8.80 billion. 
    * CBRE Group Inc's reported EPS for the quarter was 73
cents​.
    * The company reported quarterly net income of $225 million.
    * CBRE Group Inc shares had fallen by 1.1% this quarter and
gained 32.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.1%
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 5 "strong buy" or "buy," 6
"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
129.50 
This summary was machine generated from LSEG data October 24 at
04:19 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
 Sep. 30 2024      1.06           1.20           Beat
 Jun. 30 2024      0.76           0.81           Beat
 Mar. 31 2024      0.68           0.78           Beat
 Dec. 31 2023      1.18           1.38           Beat