CBRE Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• CBRE Group, Inc. CBRE.N reported quarterly adjusted earnings of $2.05​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.61. The mean expectation of twelve analysts for the quarter was for earnings of $1.97 per share. Wall Street expected results to range from $1.90 to $2.08 per share.

• Revenue rose 12.3% to $11.52 billion from a year ago; analysts expected $11.77 billion.

• CBRE Group, Inc.'s reported EPS for the quarter was $1.52​.

• The company reported quarterly net income of $443 million.

• CBRE Group, Inc. shares had risen by 4.8% this quarter and lost 16.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is also "buy"

This summary was machine generated from LSEG data October 22 at 02:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)