The upcoming report from CBRE Group (CBRE) is expected to reveal quarterly earnings of $1.98 per share, indicating an increase of 23% compared to the year-ago period. Analysts forecast revenues of $11.89 billion, representing an increase of 16% year over year.
The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific CBRE metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Total Revenue- Real Estate Investments' should arrive at $213.47 million. The estimate suggests a change of +1.2% year over year.
The combined assessment of analysts suggests that 'Total Revenue- Advisory Services' will likely reach $2.44 billion. The estimate indicates a year-over-year change of +9.1%.
The collective assessment of analysts points to an estimated 'Total Revenue- Building Operations & Experience' of $6.81 billion. The estimate indicates a year-over-year change of +17.5%.
It is projected by analysts that the 'AUM - Investment Management' will reach $78639.00 billion. The estimate is in contrast to the year-ago figure of $155.80 billion.
Analysts expect 'Total segment operating profit (loss)- Advisory Services' to come in at $423.69 million. The estimate is in contrast to the year-ago figure of $374.00 million.
Analysts forecast 'Total segment operating profit (loss)- Real Estate Investments' to reach $110.93 million. The estimate is in contrast to the year-ago figure of $11.00 million.
Analysts predict that the 'Total segment operating profit (loss)- Project Management' will reach $159.05 million. The estimate is in contrast to the year-ago figure of $123.00 million.
The average prediction of analysts places 'Total segment operating profit (loss)- Building Operations & Experience' at $341.14 million. Compared to the present estimate, the company reported $177.00 million in the same quarter last year.
View all Key Company Metrics for CBRE here>>>Over the past month, CBRE shares have recorded returns of -4.6% versus the Zacks S&P 500 composite's +1.5% change. Based on its Zacks Rank #3 (Hold), CBRE will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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CBRE Group, Inc. (CBRE): Free Stock Analysis Report
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