CBRE Group, Inc.

(New York Stock Exchange)
Slightly Bullish +15

CBRE (CBRE) Q3 Earnings: What To Expect

πŸ“… CBRE is scheduled to report Q3 earnings results before market hours this Thursday.

πŸ’° Analysts project CBRE's revenue will grow 15.3% year over year, up from 13.6% in the prior-year quarter.

πŸ“ˆ The company previously reported $11.23 billion in Q3 revenue, beating EPS estimates but missing revenue consensus.

πŸ“‰ CBRE shares have fallen 6.2% over the last month while peers in the consumer discretionary sector remained flat.

🎯 The average analyst price target for CBRE is $178.75, significantly higher than the current share price of $134.39.

⚠️ Wall Street has noted that CBRE has missed revenue estimates multiple times over the last two years.

Bullish Signals
  • 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.
Risk Factors
  • 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.
Full Analysis
Commercial real estate services firm CBRE is preparing to report its Q3 earnings results before market hours on Thursday. Analysts expect the company's revenue to grow by 15.3% year over year, which would represent an improvement from the 13.6% growth recorded in the same quarter last year. Looking at recent performance, CBRE met analysts' revenue expectations in the previous quarter with revenues of $11.23 billion, a 15.5% increase year on year. The company also beat analysts' EPS estimates for that period, marking a satisfactory quarter despite missing Wall Street's revenue estimates multiple times over the last two years. Market sentiment surrounding CBRE appears cautious as the stock has declined 6.2% over the past month, underperforming peers in the consumer discretionary segment which have remained relatively flat. Investors are watching closely for confirmation that the business can maintain its growth trajectory and address the history of missing revenue targets.