CBRE Group Inc reports results for the quarter ended June 30 - Earnings Summary

• CBRE Group Inc CBRE.N reported quarterly adjusted earnings of $1.19​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of eleven analysts for the quarter was for earnings of $1.07 per share. Wall Street expected results to range from 94 cents to $1.16 per share.

• Revenue rose 16.2% to $9.75 billion from a year ago; analysts expected $9.46 billion.

• CBRE Group Inc's reported EPS for the quarter was 72 cents​.

• The company reported quarterly net income of $215 million.

• CBRE Group Inc shares had risen by 4.6% this quarter and gained 11.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3% 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 9 "strong buy" or "buy," 4 "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 CBRE Group Inc is $161.50, about 9.3% above its last closing price of $146.56

This summary was machine generated from LSEG data July 29 at 12:38 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)