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

Colliers International

02/05/2024 17:32

* Colliers International Group Inc  CIGI.TO  reported
quarterly
adjusted earnings of 77 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 86 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 94 cents per
share. Wall Street expected results to range from 86 cents
to $1.04 per share.
    * Revenue rose 3.7% to $1.00 billion from a year ago;
analysts
expected $991.32 million. 
    * Colliers International Group Inc's reported EPS for the
quarter
was 26 cents​.
    * The company reported quarterly net income of $12.66
million.
    * Colliers International Group Inc shares had fallen
by 13.1% this
quarter and lost 14.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.5%
in the last three months.​ 
    * In the last 30 days, three 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," 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 $141.00 
This summary was machine generated from LSEG data May 2 at 04:31
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
 Mar. 31 2024      0.94           0.77           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