For the quarter ended March 2024, CBRE Group (CBRE) reported income of $7.94 billion, up 7.1% over the identical interval final yr. EPS got here in at $0.78, in comparison with $0.92 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $8.07 billion, representing a shock of -1.68%. The corporate delivered an EPS shock of +13.04%, with the consensus EPS estimate being $0.69.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders venture a inventory’s worth efficiency extra precisely.
Right here is how CBRE carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Funding Administration AUM: $144 billion versus $147.88 billion estimated by two analysts on common.
- Web revenue- World Office Options: $2.34 billion versus the three-analyst common estimate of $2.35 billion. The reported quantity represents a year-over-year change of +10%.
- Web income: $4.44 billion versus $4.53 billion estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +6.3% change.
- Web revenue- Advisory Companies: $1.88 billion versus the three-analyst common estimate of $1.93 billion. The reported quantity represents a year-over-year change of +2.7%.
- Whole revenue- Actual Property Investments: $228 million versus the three-analyst common estimate of $235.84 million. The reported quantity represents a year-over-year change of +1.9%.
- Web revenue- Valuation: $167 million versus $169.96 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +0.8% change.
- Web revenue- Mortgage servicing: $81 million versus the two-analyst common estimate of $81.19 million. The reported quantity represents a year-over-year change of +4.5%.
- Web revenue- Advisory leasing: $739 million versus $736.94 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +4.3% change.
- Web revenue- Capital Markets- Advisory gross sales: $326 million versus the two-analyst common estimate of $330.83 million. The reported quantity represents a year-over-year change of -11.3%.
- Web revenue- Capital Markets- Business mortgage origination: $95 million versus the two-analyst common estimate of $75.95 million. The reported quantity represents a year-over-year change of +33.9%.
- Web revenue- Funding administration: $149 million versus the two-analyst common estimate of $149.81 million.
- Income- Move via prices additionally acknowledged as revenue- Advisory Companies: $24 million versus $22.65 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +6.3% change.
View all Key Company Metrics for CBRE here>>>
Shares of CBRE have returned -9.1% over the previous month versus the Zacks S&P 500 composite’s -2.7% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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CBRE Group, Inc. (CBRE) : Free Stock Analysis Report
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