Have you been eager to see how CBRE Group, Inc. performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Los Angeles, CA-based, real operations firm’s earnings release this morning:
An Earnings Beat
CBRE Group came out with adjusted earnings per share of 93 cents, beating the Zacks Consensus Estimate of 79 cents.
How Was the Earnings Surprise Trend?
CBRE Group has a decent earnings surprise history. Before posting an earnings beat in Q4, the company delivered positive surprises in all the four trailing quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 4.4% in the trailing four quarters, prior to this earnings.
Revenues Miss
CBRE Group posted revenues of $3.82 billion, lagging the Zacks Consensus Estimate of $3.89 billion. However, revenues were higher than the year-ago number of $3.7 billion.
Key Developments to Note
CBRE Group expects adjusted earnings per share for 2017 in the range of $2.35–$2.45.
The Americas, the largest business segment of the company, recorded revenue growth of 6% (same in local currency) for the quarter. Despite the Brexit fallout, the UK market saw revenue growth of 8% in local currency, driven by the occupier outsourcing business line.
What Zacks Rank Says
CBRE Group currently has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this CBRE Group earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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CBRE Group (CBG) Beats Q4 Earnings Estimate; Revenues Miss
Have you been eager to see how CBRE Group, Inc. performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Los Angeles, CA-based, real operations firm’s earnings release this morning:
An Earnings Beat
CBRE Group came out with adjusted earnings per share of 93 cents, beating the Zacks Consensus Estimate of 79 cents.
How Was the Earnings Surprise Trend?
CBRE Group has a decent earnings surprise history. Before posting an earnings beat in Q4, the company delivered positive surprises in all the four trailing quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 4.4% in the trailing four quarters, prior to this earnings.
CBRE Group, Inc. Price and EPS Surprise
CBRE Group, Inc. Price and EPS Surprise | CBRE Group, Inc. Quote
Revenues Miss
CBRE Group posted revenues of $3.82 billion, lagging the Zacks Consensus Estimate of $3.89 billion. However, revenues were higher than the year-ago number of $3.7 billion.
Key Developments to Note
CBRE Group expects adjusted earnings per share for 2017 in the range of $2.35–$2.45.
The Americas, the largest business segment of the company, recorded revenue growth of 6% (same in local currency) for the quarter. Despite the Brexit fallout, the UK market saw revenue growth of 8% in local currency, driven by the occupier outsourcing business line.
What Zacks Rank Says
CBRE Group currently has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this CBRE Group earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>