For the current quarter, the 8.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.52 a share, which would compare with $0.41 in the same quarter last year. They have a high estimate of $0.55 and a low estimate of $0.50. Revenue for the period is expected to total nearly $3.20B from $2.39B the year-ago period.
For the full year, 8.00 Wall Street analysts forecast this company would deliver earnings of 2.31 per share, with a high estimate of $2.40 and a low estimate of $2.16. It had reported earnings per share of $2.05 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $13.46B versus 10.86B in the preceding year.
The analysts project the company to maintain annual growth of around 12.50% percent over the next five years as compared to an average growth rate of 15.73% percent expected for its competitors in the same industry.
Among the 7 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for CBG is $36.86 but some analysts are projecting the price to go as high as $40.00. If the optimistic analysts are correct, that represents a 30 percent upside potential from the recent closing price of $30.75. Some sell-side analysts, particularly the bearish ones, have called for $32.00 price targets on shares of CBRE Group Inc (NYSE:CBG).
In the last reported results, the company reported earnings of $0.41 per share, while analysts were calling for share earnings of $0.43. It was an earnings surprise of -4.70%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers advisory services, such as strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; integrated investment sales and debt/structured financing services under the CBRE Capital Markets brand; and valuation services, including market value appraisals, litigation support, discounted cash flow analyses, feasibility and fairness opinions, and property condition, hotel advisory, and environmental consulting, as well as originates and services commercial mortgage loans. It also provides outsourcing services comprising facilities management, project management, advisory and transaction, and strategic consulting services to occupiers of real estate; and property management services consisting of construction management, marketing, building engineering, accounting, and financial services for owners/investors in office, industrial, and retail properties. In addition, the company offers investment management services to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors seeking to generate returns and diversification through investment in real estate. Further, the company develops and invests in commercial real estate, including industrial, office, and retail properties; healthcare facilities; and residential/mixed-use projects. CBRE Group, Inc. offers its commercial real estate services under the CBRE brand name; investment management services under the CBRE Global Investors brand name; and development services under the Trammell Crow brand name. The company was founded in 1906 and is headquartered in Los Angeles, California.
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