Colliers Intl Gr Q2 Adj. EPS $1.31 Misses $1.44 Estimate, Sales $1.08B Miss $1.08B Estimate
Portfolio Pulse from Benzinga Newsdesk
Colliers Intl Gr (NASDAQ:CIGI) reported Q2 earnings of $1.31 per share, missing the analyst consensus estimate of $1.44 by 9.03%. This is a 28.8% decrease from the same period last year. The company also reported quarterly sales of $1.08 billion, missing the analyst consensus estimate by 0.19%. This is a 4.43% decrease from the same period last year.
August 04, 2023 | 10:56 am
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NEGATIVE IMPACT
Colliers Intl Gr's Q2 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Colliers Intl Gr's earnings and sales for Q2 have both missed estimates, which is typically a negative signal for investors. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100