CBRE Group
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict CBRE Group's revenues will grow 9.8% and EPS will grow 37.5%.
The average estimate for revenue is $1.69 billion. On the bottom line, the average EPS estimate is $0.33.
Revenue details
Last quarter, CBRE Group chalked up revenue of $1.60 billion. GAAP reported sales were 13% higher than the prior-year quarter's $1.42 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.27. GAAP EPS of $0.23 for Q2 were 21% higher than the prior-year quarter's $0.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 43.3%, 240 basis points better than the prior-year quarter. Operating margin was 11.3%, 210 basis points better than the prior-year quarter. Net margin was 4.7%, 40 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $6.61 billion. The average EPS estimate is $1.22.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CBRE Group is outperform, with an average price target of $22.40.
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