CBRE Group (CBRE) Set to Announce Earnings on Thursday

CBRE Group (NYSE:CBRE) is scheduled to be releasing its earnings data before the market opens on Thursday, July 25th. Analysts expect CBRE Group to post earnings of $0.72 per share for the quarter. CBRE Group has set its FY24 guidance at $4.25-4.65 EPS and its FY 2024 guidance at 4.250-4.650 EPS.Parties interested in registering for the company’s conference call can do so using this link.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. On average, analysts expect CBRE Group to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $99.16 on Wednesday. The company’s 50-day moving average is $89.77 and its 200 day moving average is $89.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $30.42 billion, a P/E ratio of 30.89 and a beta of 1.40. CBRE Group has a fifty-two week low of $64.63 and a fifty-two week high of $100.27.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CBRE shares. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Jefferies Financial Group began coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Evercore ISI increased their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Finally, UBS Group dropped their price objective on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.17.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.