Canada's Colliers Q4 revenue misses estimates

Colliers International

13/02/2026 12:07

Overview

Canada professional services firm's Q4 revenue up 7% yr/yr but missed analyst expectations

Adjusted EPS for Q4 increased 4% yr/yr but missed analyst expectations

Company announced acquisition of Ayesa Engineering to expand growth avenues

Outlook

Colliers anticipates mid-teens growth in revenues, Adjusted EBITDA, and Adjusted EPS for 2026

Company expects Ayesa Engineering acquisition to close in Q2 2026

Colliers sees continued solid annual internal growth in 2026

Result Drivers

COMMERCIAL REAL ESTATE GROWTH - Revenues in Commercial Real Estate rose 9% due to strong performance in Capital Markets and steady leasing growth, particularly in the US

ENGINEERING SEGMENT EXPANSION - Engineering revenues increased 3%, driven by recent acquisitions and internal growth, despite lower pass-through costs

RECURRING REVENUE STRENGTH - Over 70% of earnings derived from recurring revenues, with free cash flow conversion exceeding targets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$1.61 bln
$1.63 bln (9 Analysts)
Q4 Adjusted EPS
Miss
$2.34
$2.43 (9 Analysts)
Q4 EPS
$1.19
Q4 Adjusted EBITDA
$245.10 mln
Q4 Operating Earnings
$135.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy"

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nGNX1CJYYY

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)