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CBRE Group (CBG) to Report Q1 Earnings: What's in Store?
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CBRE Group, Inc. is slated to report first-quarter 2017 results on Apr 27, before the market opens. Last quarter, this commercial real estate services and investment firm delivered a 17.72% positive earnings surprise.
CBRE beat estimates in all of the trailing four quarters, with a positive average surprise of 8.24%.
Shares of the company gained 14.5% in the last three months. The Zacks Consensus Estimate for first-quarter earnings per share is currently pegged at 34 cents.
Let’s see how things are shaping up for this announcement.
Factors to Consider
CBRE has operations in several countries across the globe. Restlessness in certain global economies is likely to impact the company’s business. Further, stiff competition from international, regional and local players and unfavorable foreign currency movements remain major concerns.
However, strategic in-fill acquisitions play a key role in expanding the geographic coverage and boosting the service offerings of the company. Also, it opts for larger, transformational deals driven by macro policies, which serve as growth drivers.
The Zacks Consensus Estimate for the first quarter declined 2.9% in the last 30 days.
Earnings Whispers
Our proven model does not conclusively show that CBRE will beat on earnings this season. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate currently stand at 34 cents, which translates into an Earnings ESP of 0.00%.
Zacks Rank: CBRE has a Zacks Rank #3. Though this increases the predictive power of ESP, the company’s 0.00% ESP makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks That Warrant a Look
Here are a few stocks in the REIT sector that you may want to consider, as our model shows that they have the right combination of elements to report a positive surprise this quarter.
Physicians Realty Trust (DOC - Free Report) , expected to release earnings on May 3, has an Earnings ESP of +3.33% and a Zacks Rank #3.
STORE CAPITAL CORPSTORE CAPITAL CORP , expected to release first-quarter results on May 4, has an Earnings ESP of +2.44% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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CBRE Group (CBG) to Report Q1 Earnings: What's in Store?
CBRE Group, Inc. is slated to report first-quarter 2017 results on Apr 27, before the market opens. Last quarter, this commercial real estate services and investment firm delivered a 17.72% positive earnings surprise.
CBRE beat estimates in all of the trailing four quarters, with a positive average surprise of 8.24%.
Shares of the company gained 14.5% in the last three months. The Zacks Consensus Estimate for first-quarter earnings per share is currently pegged at 34 cents.
The graph below depicts this surprise history.
CBRE Group, Inc. Price and EPS Surprise
CBRE Group, Inc. Price and EPS Surprise | CBRE Group, Inc. Quote
Let’s see how things are shaping up for this announcement.
Factors to Consider
CBRE has operations in several countries across the globe. Restlessness in certain global economies is likely to impact the company’s business. Further, stiff competition from international, regional and local players and unfavorable foreign currency movements remain major concerns.
However, strategic in-fill acquisitions play a key role in expanding the geographic coverage and boosting the service offerings of the company. Also, it opts for larger, transformational deals driven by macro policies, which serve as growth drivers.
The Zacks Consensus Estimate for the first quarter declined 2.9% in the last 30 days.
Earnings Whispers
Our proven model does not conclusively show that CBRE will beat on earnings this season. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate currently stand at 34 cents, which translates into an Earnings ESP of 0.00%.
Zacks Rank: CBRE has a Zacks Rank #3. Though this increases the predictive power of ESP, the company’s 0.00% ESP makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks That Warrant a Look
Here are a few stocks in the REIT sector that you may want to consider, as our model shows that they have the right combination of elements to report a positive surprise this quarter.
EPR Properties (EPR - Free Report) , expected to release earnings on May 2, has an Earnings ESP of +0.84% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Physicians Realty Trust (DOC - Free Report) , expected to release earnings on May 3, has an Earnings ESP of +3.33% and a Zacks Rank #3.
STORE CAPITAL CORPSTORE CAPITAL CORP , expected to release first-quarter results on May 4, has an Earnings ESP of +2.44% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>