CBRE Group Q2 2024 Adj EPS $0.81 Beats $0.76 Estimate, Sales $8.391B Beat $8.313B Estimate
Portfolio Pulse from Benzinga Newsdesk
CBRE Group (NYSE:CBRE) reported Q2 2024 adjusted EPS of $0.81, beating the estimate of $0.76. Sales were $8.391 billion, surpassing the $8.313 billion estimate. Despite a slight decrease in EPS from last year, sales increased by 8.69%.
July 25, 2024 | 10:56 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
CBRE Group reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.81 beating the $0.76 estimate and sales of $8.391 billion surpassing the $8.313 billion estimate. Despite a slight year-over-year decrease in EPS, sales increased by 8.69%.
CBRE's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. The beat on both EPS and sales estimates, along with a significant year-over-year sales increase, indicates strong performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100