Looking for a stock that might be in a good position to beat earnings at its next report? Consider CBRE Group, Inc. , a firm in the Real Estate - Operations industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, CBG has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, CBG expected to post earnings of 53 cents per share, while it actually produced earnings of 65 cents per share, a beat of 22.6%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 54 cents per share, when it actually delivered earnings of 64 cents per share, representing 18.5% positive surprise.
CBRE Group, Inc. Price and EPS Surprise
Thanks in part to this history, recent estimates have been moving higher for CBRE Group. In fact, the Earnings ESPfor CBG is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for CBG, as the firm currently has a Zacks Earnings ESP of +1.06%, so another beat could be around the corner.
This is particularly true when you consider that CBG has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70%of the time, so it seems pretty likely that CBG could see another beat at its next report, especially if recent trends are any guide.
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Can CBRE Group (CBG) Keep the Earnings Streak Alive This Quarter?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider CBRE Group, Inc. , a firm in the Real Estate - Operations industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, CBG has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, CBG expected to post earnings of 53 cents per share, while it actually produced earnings of 65 cents per share, a beat of 22.6%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 54 cents per share, when it actually delivered earnings of 64 cents per share, representing 18.5% positive surprise.
CBRE Group, Inc. Price and EPS Surprise
CBRE Group, Inc. Price and EPS Surprise | CBRE Group, Inc. Quote
Thanks in part to this history, recent estimates have been moving higher for CBRE Group. In fact, the Earnings ESPfor CBG is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for CBG, as the firm currently has a Zacks Earnings ESP of +1.06%, so another beat could be around the corner.
This is particularly true when you consider that CBG has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70%of the time, so it seems pretty likely that CBG could see another beat at its next report, especially if recent trends are any guide.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>