CBRE Group Q2 Adj EPS $0.82 Beats $0.76 Estimate, Sales $7.72B Beat $7.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
CBRE Group reported Q2 adjusted earnings of $0.82 per share, beating the analyst consensus estimate of $0.76 by 7.89%. However, this is a 55.19% decrease from the same period last year. The company also reported quarterly sales of $7.72 billion, beating the estimate of $7.30 billion by 5.75%, but this is a 0.66% decrease from last year.
July 27, 2023 | 10:57 am
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NEUTRAL IMPACT
CBRE Group's Q2 earnings and sales beat estimates but are down compared to the same period last year.
While CBRE Group beat analyst estimates for Q2 earnings and sales, the YoY decrease in both earnings and sales could potentially offset any positive impact from beating estimates. This mixed result makes the short term price direction uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100