Colliers International Group Raises FY24 Adj. EPS Growth Guidance From 10%-20% To 11%-21%; Revenue Growth Guidance From 5%-10% To 8%-13%
Portfolio Pulse from Benzinga Newsdesk
Colliers International Group has raised its FY24 adjusted EPS growth guidance from 10%-20% to 11%-21% and revenue growth guidance from 5%-10% to 8%-13%, reflecting the partial year impact of the acquisition of Englobe. The outlook remains subject to macroeconomic and geopolitical factors.
August 01, 2024 | 11:28 am
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Colliers International Group has raised its FY24 adjusted EPS growth guidance from 10%-20% to 11%-21% and revenue growth guidance from 5%-10% to 8%-13%, reflecting the partial year impact of the acquisition of Englobe. The outlook remains subject to macroeconomic and geopolitical factors.
The raised guidance for FY24 adjusted EPS and revenue growth indicates a positive outlook for Colliers International Group, driven by the acquisition of Englobe. This is likely to have a positive short-term impact on the stock price. However, the outlook remains subject to macroeconomic and geopolitical factors, which could introduce volatility.
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