CBRE Group Raised 2024 Core EPS Outlook To $4.70-$4.90 Vs. $4.43 Consensus (Prior $4.25-$4.65); Expects Over $1B In Free Cash Flow
Portfolio Pulse from Benzinga Newsdesk
CBRE Group has raised its 2024 Core EPS outlook to a range of $4.70-$4.90, up from the previous range of $4.25-$4.65, and expects over $1 billion in free cash flow for the full year.
July 25, 2024 | 11:01 am
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CBRE Group has raised its 2024 Core EPS outlook to $4.70-$4.90, surpassing the consensus of $4.43, and expects over $1 billion in free cash flow for the full year.
The raised EPS outlook and expectation of over $1 billion in free cash flow indicate strong financial performance, likely boosting investor confidence and positively impacting the stock price in the short term.
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