Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
CBRE Group Inc (CBRE)
NYSE:CBRE
Holding CBRE?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.22Last Year’s EPS
$1.38Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 7.15%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant growth in core earnings and resilient business segments. Free cash flow improvements and a raised EPS outlook further indicate positive momentum. However, challenges in the office space segment and interest rate sensitivity present areas of caution.Company Guidance
During CBRE's Q3 2024 earnings call, the company reported its second-highest third-quarter core earnings with a 67% increase in core earnings per share. Revenue from resilient businesses grew 18% to $3.6 billion, and the leasing segment saw a 19% revenue increase. The Global Workplace Solutions (GWS) segment posted a 19% net revenue increase, with a 22% rise in Facilities Management revenue. The Real Estate Investments (REI) segment operating profit exceeded expectations, with assets under management (AUM) surpassing $148 billion. For the full year 2024, CBRE raised its core EPS outlook to a range of $4.95 to $5.05, reflecting a 12% increase at the midpoint compared to the original guidance. The company emphasized that its resilient businesses, comprising around 60% of the Standard Operating Profit (SOP), are expected to continue their double-digit growth trajectory.Strong Financial Performance
CBRE posted its second highest third quarter core earnings on record with core earnings per share up 67%. All three business segments posted strong double-digit revenue and segment operating profit growth.
Resilient Business Growth
Resilient businesses saw net revenue grow 18% to $3.6 billion, driven by Turner & Townsend and leasing with a 19% revenue increase.
Increased Free Cash Flow
Consolidated free cash flow grew significantly to $494 million, up more than 60%.
Advisory Segment Success
Advisory net revenue exceeded expectations with global office leasing revenue reaching a new high for any Q3, increasing by 26%.
Raised EPS Outlook
CBRE raised its full-year core EPS outlook to a range of $4.95 to $5.05, up from $4.70 to $4.90 previously.
GWS Segment Growth
GWS net revenue increased 19%, with Facilities Management net revenue up 22%.
---
CBRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CBRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $123.12 | $133.50 | +8.43% |
| Jul 25, 2024 | $98.30 | $107.43 | +9.29% |
| May 03, 2024 | $86.79 | $86.61 | -0.21% |
| Feb 15, 2024 | $86.89 | $94.30 | +8.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does CBRE Group Inc (CBRE) report earnings?
CBRE Group Inc (CBRE) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is CBRE Group Inc (CBRE) earnings time?
CBRE Group Inc (CBRE) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBRE EPS forecast?
CBRE EPS forecast for the fiscal quarter 2024 (Q4) is $2.22.
---