For the quarter ended March 2024, CBRE Group (CBRE - Free Report) reported revenue of $7.94 billion, up 7.1% over the same period last year. EPS came in at $0.78, compared to $0.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.07 billion, representing a surprise of -1.68%. The company delivered an EPS surprise of +13.04%, with the consensus EPS estimate being $0.69.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CBRE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Investment Management AUM: $144 billion versus $147.88 billion estimated by two analysts on average.
- Net revenue- Global Workplace Solutions: $2.34 billion versus the three-analyst average estimate of $2.35 billion. The reported number represents a year-over-year change of +10%.
- Net revenue: $4.44 billion versus $4.53 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
- Net revenue- Advisory Services: $1.88 billion versus the three-analyst average estimate of $1.93 billion. The reported number represents a year-over-year change of +2.7%.
- Total revenue- Real Estate Investments: $228 million versus the three-analyst average estimate of $235.84 million. The reported number represents a year-over-year change of +1.9%.
- Net revenue- Valuation: $167 million versus $169.96 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.8% change.
- Net revenue- Loan servicing: $81 million versus the two-analyst average estimate of $81.19 million. The reported number represents a year-over-year change of +4.5%.
- Net revenue- Advisory leasing: $739 million versus $736.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
- Net revenue- Capital Markets- Advisory sales: $326 million versus the two-analyst average estimate of $330.83 million. The reported number represents a year-over-year change of -11.3%.
- Net revenue- Capital Markets- Commercial mortgage origination: $95 million versus the two-analyst average estimate of $75.95 million. The reported number represents a year-over-year change of +33.9%.
- Net revenue- Investment management: $149 million versus the two-analyst average estimate of $149.81 million.
- Revenue- Pass through costs also recognized as revenue- Advisory Services: $24 million versus $22.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
View all Key Company Metrics for CBRE here>>>Shares of CBRE have returned -9.1% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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For the quarter ended March 2024, CBRE Group (CBRE - Free Report) reported revenue of $7.94 billion, up 7.1% over the same period last year. EPS came in at $0.78, compared to $0.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.07 billion, representing a surprise of -1.68%. The company delivered an EPS surprise of +13.04%, with the consensus EPS estimate being $0.69.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CBRE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Investment Management AUM: $144 billion versus $147.88 billion estimated by two analysts on average.
- Net revenue- Global Workplace Solutions: $2.34 billion versus the three-analyst average estimate of $2.35 billion. The reported number represents a year-over-year change of +10%.
- Net revenue: $4.44 billion versus $4.53 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
- Net revenue- Advisory Services: $1.88 billion versus the three-analyst average estimate of $1.93 billion. The reported number represents a year-over-year change of +2.7%.
- Total revenue- Real Estate Investments: $228 million versus the three-analyst average estimate of $235.84 million. The reported number represents a year-over-year change of +1.9%.
- Net revenue- Valuation: $167 million versus $169.96 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.8% change.
- Net revenue- Loan servicing: $81 million versus the two-analyst average estimate of $81.19 million. The reported number represents a year-over-year change of +4.5%.
- Net revenue- Advisory leasing: $739 million versus $736.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
- Net revenue- Capital Markets- Advisory sales: $326 million versus the two-analyst average estimate of $330.83 million. The reported number represents a year-over-year change of -11.3%.
- Net revenue- Capital Markets- Commercial mortgage origination: $95 million versus the two-analyst average estimate of $75.95 million. The reported number represents a year-over-year change of +33.9%.
- Net revenue- Investment management: $149 million versus the two-analyst average estimate of $149.81 million.
- Revenue- Pass through costs also recognized as revenue- Advisory Services: $24 million versus $22.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
View all Key Company Metrics for CBRE here>>>Shares of CBRE have returned -9.1% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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