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Colliers International Group (TSE:CIGI)
TSX:CIGI
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.3Last Year’s EPS
1.06Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -14.41%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call showcased significant revenue growth across various segments, particularly in engineering and real estate services. There were strategic plans for future expansion, supported by a strong financial position and positive outlook for fundraising and asset management. However, flat margins in investment management, challenges in certain Asian markets, and currency exchange rate impacts presented notable challenges.Company Guidance
During the earnings call for the fourth fiscal period of 2024, Colliers International Group Inc. reported a substantial 22% increase in revenues, reaching $1.5 billion. The growth was led by the engineering segment, which saw a remarkable 61% rise in revenues, with acquisitions and internal growth contributing significantly. Adjusted EBITDA rose by 14% to $225 million. The company also achieved a 13% revenue growth in real estate services, capital markets specifically surging by 25%, driven by heightened transaction activity in office and industrial asset classes in Europe and the Americas. Furthermore, leasing revenues increased by 14% across various asset classes. Looking ahead to 2025, Colliers anticipates high single-digit to low teens percentage growth in revenues and low teens growth in adjusted EBITDA and EPS. They also plan to raise $5 to $8 billion in new capital for their investment management division. The company is focused on streamlining operations to enhance synergies and expects significant growth in engineering revenues, projected to rise by about 30%, with a notable margin expansion anticipated.Record Revenue Growth
Revenues for the fourth quarter were $1.5 billion, up 22% relative to the prior year period, with 10% local currency internal growth.
Engineering Segment Expansion
Engineering revenues grew by 61%, driven by acquisitions and high single-digit internal growth. The new engineering platform includes 8,000 professionals supported by a strong recurring revenue base.
Strong Performance in Real Estate Services
Real estate services operations had 13% revenue growth, with capital markets up 25%, driven by sharp increases in transaction activity in office and industrial asset classes.
Investment Management Growth
Investment management experienced a 6% revenue increase, excluding past due performance fees, with $1.3 billion of new capital commitments during the quarter.
Solid Financial Position
Leverage ratio was two times at December 31, with $1.2 billion of capacity for future growth, and a deleveraging trend expected to continue.
Positive AUM and Fundraising Outlook
Assets under management reached $98.9 billion, with expectations to raise between $5 and $8 billion of new capital in 2025.
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TSE:CIGI 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
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TSE:CIGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | C$208.51 | C$194.55 | -6.70% |
| Nov 05, 2024 | C$213.46 | C$205.80 | -3.59% |
| Aug 01, 2024 | C$185.86 | C$194.01 | +4.39% |
| May 02, 2024 | C$143.54 | C$142.49 | -0.74% |
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.
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FAQ
When does Colliers International Group (TSE:CIGI) report earnings?
Colliers International Group (TSE:CIGI) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Colliers International Group (TSE:CIGI) earnings time?
Colliers International Group (TSE:CIGI) earnings time is at May 06, 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 TSE:CIGI EPS forecast?
TSE:CIGI EPS forecast for the fiscal quarter 2025 (Q1) is 1.3.
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