* CBRE Group Inc reported quarterly adjusted earnings of 78 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of ten analysts for the quarter was for earnings of 68 cents per share. Wall Street expected results to range from 61 cents to 76 cents per share.
* Revenue rose 7.1% to $7.94 billion from a year ago; analysts expected $7.94 billion.
* CBRE Group Inc's reported EPS for the quarter was 41 cents.
* The company reported quarterly net income of $126 million.
* CBRE Group Inc shares had fallen by 10.7% this quarter and lost 6.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 9.8% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
* Wall Street's median 12-month price target for CBRE Group Inc is $105.00
This summary was machine generated from LSEG data May 3 at 01:52 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.68 0.78 Beat
Dec. 31 2023 1.18 1.38 Beat
Sep. 30 2023 0.67 0.72 Beat
Jun. 30 2023 0.76 0.82 Beat
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