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

Colliers International

01/08/2024 16:01

* Colliers International Group Inc  CIGI.TO  reported
quarterly
adjusted earnings of $1.36​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of $1.31.  The mean expectation of
seven analysts for the quarter was for earnings of $1.36 per
share. Wall Street expected results to range from $1.27 
to $1.42 per share.
    * Revenue rose 5.7% to $1.14 billion from a year ago;
analysts
expected $1.11 billion. 
    * Colliers International Group Inc's reported EPS for the
quarter
was 73 cents​.
    * The company reported quarterly net income of $71.93
million.
    * Colliers International Group Inc shares had risen by 21.8%
this
quarter and gained 11.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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 $142.50 
This summary was machine generated from LSEG data August 1 at
03:01 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
 Jun. 30 2024      1.36           1.36           Met
 Mar. 31 2024      0.94           0.77           Missed
 Dec. 31 2023      1.94           2.00           Beat
 Sep. 30 2023      1.70           1.19           Missed