Colliers International Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Colliers International Group Inc CIGI.TO reported quarterly adjusted earnings of 87 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of nine analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 80 cents to 94 cents per share.

• Revenue rose 13.9% to $1.14 billion from a year ago; analysts expected $1.15 billion.

• Colliers International Group Inc's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $4.26 million.

• Colliers International Group Inc shares had fallen by 3.3% this quarter and lost 13.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is also "buy"

• Wall Street's median 12-month price target for Colliers International Group Inc is C$231.62

This summary was machine generated from LSEG data May 6 at 12:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)