Colliers Intl Gr Q2 2024 Adj. EPS $1.36 Misses $1.37 Estimate, Sales $1.139B Beat $1.113B Estimate
Portfolio Pulse from Benzinga Newsdesk
Colliers International Group (NASDAQ:CIGI) reported Q2 2024 adjusted EPS of $1.36, missing the consensus estimate of $1.37 by 0.73%. However, the company reported sales of $1.139 billion, beating the estimate of $1.113 billion by 2.37% and marking a 5.66% increase from the same period last year.
August 01, 2024 | 11:10 am
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Colliers International Group reported Q2 2024 adjusted EPS of $1.36, missing the consensus estimate by $0.01. However, sales of $1.139 billion beat expectations and increased by 5.66% YoY.
The slight miss on EPS is offset by the beat on sales and the year-over-year increase in revenue. This mixed result is likely to have a neutral short-term impact on the stock price.
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IMPORTANCE 70
RELEVANCE 100