Earnings Preview: CBRE Group
Portfolio Pulse from Benzinga Insights
CBRE Group (NYSE:CBRE) is scheduled to release its quarterly earnings report on February 15, 2024, with an estimated EPS of $1.18. Analysts and investors are keen on whether CBRE will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings reports, with a general downtrend in the share price over the last 52 weeks.
February 14, 2024 | 4:01 pm
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CBRE Group is anticipated to report an EPS of $1.18 for the upcoming quarter. Investors are looking for an earnings beat and positive future guidance amidst a general downtrend in share price over the past year.
Given the anticipation of an earnings beat and positive guidance, there's potential for a positive short-term impact on CBRE's stock price. However, the historical mixed reaction to earnings reports and the general downtrend over the past year introduce uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100