Analysts Anticipate Strong Earnings for CBRE Group
Wall Street experts predict that CBRE Group (CBRE) will announce quarterly earnings of $2.21 per share in its forthcoming report, marking a significant year-over-year growth of 60.1%. Additionally, the company’s revenues are expected to reach $10.27 billion, reflecting a 14.8% increase compared to the same quarter last year. Notably, the consensus estimate for earnings per share (EPS) has been adjusted downward by 3.6% over the past month, indicating a shift in analysts’ evaluations during this period.
The Importance of Earnings Projections
Before a company discloses its earnings, it is essential to consider any adjustments to earnings forecasts. These changes are crucial in forecasting how investors might react to the stock. Research has consistently indicated a strong correlation between earnings estimate trends and short-term stock price fluctuations. While investors typically rely on consensus earnings and revenue figures to gauge quarterly performance, examining analysts’ predictions for specific metrics can provide deeper insights.
Detailed Metrics Forecast for CBRE
According to analysts’ average predictions, ‘Net revenue’ for CBRE is estimated at $6.01 billion, representing a year-over-year increase of 15.8%. Furthermore, the forecast for ‘Total revenue- Real Estate Investments’ is set at $293.35 million, which indicates a 12% rise compared to the previous year. The projected ‘Net revenue- Global Workplace Solutions’ is expected to reach $2.76 billion, suggesting a growth of 16.8% year-over-year.
Additional Revenue Estimates
Analysts collectively estimate that ‘Net revenue- Advisory Services’ will amount to $2.97 billion, showing a 15.7% increase from the year-ago quarter. Additionally, revenue from ‘Pass-through costs recognized as revenue’ is anticipated to be $4.16 billion, with a year-over-year change of 10.7%. The estimate for ‘Pass-through costs recognized as revenue- Global Workplace Solutions’ is projected at $4.28 billion, reflecting a growth of 14.4%.
Further Projections for Advisory Services
According to analysts, ‘Total revenue- Advisory Services’ is expected to total $2.99 billion, indicating a year-over-year increase of 15.5%. The estimate for ‘Total revenue- Global Workplace Solutions’ stands at $7.02 billion, projecting a 15% rise from last year. Analysts also forecast that ‘Revenue- Pass-through costs recognized as revenue- Advisory Services’ will reach $28.25 million, reflecting a substantial year-over-year increase of 21.8%.
Investment Management AUM Projections
Analysts estimate that ‘Net revenue- Loan servicing’ will be approximately $82.90 million, showing a modest year-over-year growth of 4.2%. Furthermore, projections suggest that ‘Net revenue- Advisory leasing’ will reach $1.29 billion, indicating a 12% increase compared to last year. The analysts collectively project that ‘Investment Management Assets Under Management (AUM)’ will likely rise to $151.38 billion, compared to $147.5 billion from the previous year.
CBRE Stock Performance
In the past month, CBRE shares have experienced a notable increase of 15.4%, outpacing the Zacks S&P 500 composite, which only saw a 2.1% change. Currently, CBRE holds a Zacks Rank of #3 (Hold), suggesting that its future performance may align with overall market trends.
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