CBRE (CBRE) Q3 Earnings: What To Expect
π CBRE is scheduled to report Q3 earnings results before market hours this Thursday.
π° Analysts project CBRE's revenue will grow 15.3% year over year, up from 13.6% in the prior-year quarter.
π The company previously reported $11.23 billion in Q3 revenue, beating EPS estimates but missing revenue consensus.
π CBRE shares have fallen 6.2% over the last month while peers in the consumer discretionary sector remained flat.
π― The average analyst price target for CBRE is $178.75, significantly higher than the current share price of $134.39.
β οΈ Wall Street has noted that CBRE has missed revenue estimates multiple times over the last two years.
- The company previously beat analysts' EPS estimates in Q3 with revenues reaching $11.23 billion, a 15.5% year-over-year increase.
- Analysts are expecting revenue growth to accelerate to 15.3% this quarter compared to the 13.6% growth seen last year.
- The company has a history of missing Wall Street's revenue estimates multiple times over the last two years.
- CBRE shares have declined 6.2% over the past month, underperforming peers in the consumer discretionary segment which remained flat.