Commercial real estate firm CBRE (NYSE: CBRE) will be announcing earnings results this Thursday morning. Here’s what you need to know.
CBRE beat analysts’ revenue expectations by 4.3% last quarter, reporting revenues of $9.75 billion, up 16.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates.
Is CBRE a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting CBRE’s revenue to grow 11.2% year on year to $10.05 billion, slowing from the 14.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.46 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CBRE has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.5% on average.
Looking at CBRE’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 6.5%, and Delta reported revenues up 6.4%, topping estimates by 3.8%. Nike traded up 6.5% following the results while Delta’s stock price was unchanged.
Read our full analysis of Nike’s results here and Delta’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. CBRE is down 1.5% during the same time and is heading into earnings with an average analyst price target of $172.64 (compared to the current share price of $160.10).
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