Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
CBRE's increase in stock repurchase authorization reflects its strong financial position and efforts to boost shareholder wealth.
Extensive real estate market knowledge, a wide array of real estate products and services offerings, improved transaction activity and a healthy outsourcing business bode well for CBRE.
Explore CBRE's (CBRE) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
CBRE Group consistently beats earnings estimates, raised its 2024 outlook, and plans increased share buybacks, indicating confidence in undervalued stock. The recent Federal Funds rate cut has boosted real estate investment interest, enhancing CBRE's outlook and benefiting from the easing cycle. CBRE's diverse services and strong reputation create a resilient business model, well-positioned to capitalize on infrastructure investments and global market opportunities.
I maintain a Buy rating for CBRE, driven by strong Q3 results and expectations of substantial earnings growth for FY 2024 and FY 2025. CBRE's Q3 2024 revenue and non-GAAP adjusted EPS exceeded expectations, with notable performance from the Advisory Services segment, which saw significant revenue and operating income growth. The company raised its FY 2024 EPS guidance considering robust office leasing demand for the Advisory Services segment and improved profitability for the Global Workplace Solutions segment.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
CBRE Group, Inc. (NYSE:CBRE ) Q3 2024 Results Conference Call October 24, 2024 8:30 AM ET Company Participants Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations Bob Sulentic - Chair & Chief Executive Officer Emma Giamartino - Chief Financial Officer Conference Call Participants Michael Griffin - Citi Anthony Paolone - JPMorgan Chase Steve Sakwa - Evercore ISI Stephen Sheldon - William Blair Ronald Kamdem - Morgan Stanley Jade Rahmani - KBW Peter Abramowitz - Jefferies Operator Greetings, and welcome to the CBRE Third Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
CBRE's Q3 results reflect a year-over-year rise in revenues due to solid performances by all business segments despite the challenging macro environment.
Although the revenue and EPS for CBRE (CBRE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CBRE Group (CBRE) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.72 per share a year ago.
A focus on resilient business and diversification across property types, lines of business, geographic markets and clients is likely to aid CBRE's Q3 results.