Colliers International Group Inc reports results for the quarter ended in December - Earnings Summary

Colliers International

08/02/2024 16:19

* Colliers International Group Inc  CIGI.TO  reported
quarterly
adjusted earnings of $2.00​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $2.31.  The mean expectation of
eight analysts for the quarter was for earnings of $1.94 per
share. Wall Street expected results to range from $1.85 
to $2.07 per share.
    * Revenue rose 1% to $1.24 billion from a year ago; analysts
expected $1.22 billion. 
    * Colliers International Group Inc's reported EPS for the
quarter
was $1.42​.
    * The company reported quarterly net income of $67.43
million.
    * Colliers International Group Inc shares had fallen
by 11.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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," no
"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 Colliers
International Group Inc is $125.00 
This summary was machine generated from LSEG data February 8 at
04:18 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 2023      1.94           2.00           Beat
 Sep. 30 2023      1.70           1.19           Missed
 Jun. 30 2023      1.42           1.31           Missed
 Mar. 31 2023      1.42           0.86           Missed