CBRE Group (NYSE: CBG ) is expected to report Q1 earnings on April 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict CBRE Group's revenues will grow 7.8% and EPS will grow 28.6%.
The average estimate for revenue is $1.46 billion. On the bottom line, the average EPS estimate is $0.18.
Last quarter, CBRE Group reported revenue of $2.01 billion. GAAP reported sales were 14% higher than the prior-year quarter's $1.76 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.56. GAAP EPS of $0.53 for Q4 were 112% higher than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 43.6%, 30 basis points worse than the prior-year quarter. Operating margin was 11.6%, 130 basis points better than the prior-year quarter. Net margin was 8.6%, 410 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $7.11 billion. The average EPS estimate is $1.42.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CBRE Group is outperform, with an average price target of $22.00.
Looking for alternatives to CBRE Group? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add CBRE Group to My Watchlist.