CBRE Group Q3 Adjusted EPS $0.72 Beats $0.67 Estimate, Sales $7.87B Beat $7.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
CBRE Group reported Q3 earnings of $0.72 per share, beating the analyst consensus estimate of $0.67 by 7.46%. This is a 36.28% decrease from the same period last year. The company also reported quarterly sales of $7.87 billion, beating the analyst consensus estimate of $7.43 billion by 5.90%. This is a 4.50% increase from the same period last year.
October 27, 2023 | 10:50 am
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NEUTRAL IMPACT
CBRE Group's Q3 earnings and sales beat analyst estimates, but earnings decreased compared to the same period last year.
While CBRE Group beat analyst estimates for Q3 earnings and sales, the decrease in earnings compared to the same period last year could potentially impact investor sentiment. The increase in sales could offset this to some extent, leading to a neutral short term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100