CBRE Earnings Prediction
The chart below shows how CBRE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CBRE sees a -3.23% change in stock price 10 days leading up to the earnings, and a +2.18% change 10 days following the report. On the earnings day itself, the stock moves by +2.49%. This data can give you a slight idea of what to expect for the next quarter's release.
CBRE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.04B
14.84%
7.69%
Gross Margin
17.90%
6.55%
3.71%
Operating Margin
5.50%
63.69%
4.96%
Net Margin
2.71%
6.27%
60.36%
EPS
0.73
19.67%
73.81%
No Data Available
CBRE Earnings Analysis
CBRE GROUP, INC. Corporation (CBRE.N) Earnings Conference Call
Positive
Core Earnings Surge: 1. Record Core Earnings: CBRE achieved its second highest third quarter core earnings on record, with core earnings per share increasing by 67%.
Double-Digit Revenue Surge: 2. Strong Revenue Growth: All three business segments reported strong double-digit revenue growth, with net revenue from resilient businesses rising 18% to $3.6 billion, and leasing revenue increasing by 19%.
Free Cash Flow Improvement: 3. Significant Free Cash Flow: Free cash flow for the quarter improved to $494 million, representing a growth of over 60%, with a trailing twelve-month free cash flow conversion rate of 71%.
AUM Growth Performance: 4. Increased AUM: Assets Under Management (AUM) in the REI segment grew to over $148 billion, with $5 billion of capital raised this year, indicating strong investment management performance.
Increased EPS Guidance: 5. Positive EPS Guidance: The company raised its full-year core EPS guidance to a range of $4.95 to $5.05, reflecting a 12% increase at the midpoint compared to previous expectations.
Negative
Loan Servicing Revenue Decline: 1. Declining Loan Servicing Revenue: Loan servicing revenue was essentially flat in the quarter, with underlying growth only at 5%, indicating a slowdown compared to previous performance.
Capital Markets Outlook: 2. Limited Capital Markets Recovery: The company does not anticipate a steep recovery in capital markets, suggesting ongoing challenges in this segment despite some positive trends.
Asset Monetization Impact: 3. No Significant Development Asset Monetization: The company did not monetize any significant development assets during the quarter, which could impact future revenue streams.
Cost Management Challenges: 4. Increased Cost Pressures: Although margins improved, the company faced cost pressures earlier in the year, indicating potential ongoing challenges in cost management.
Office Leasing Outlook: 5. Uncertain Office Leasing Future: Despite a strong third quarter, the company does not expect a return to pre-COVID office leasing levels, highlighting a potential long-term decline in this segment.
CBRE FAQs
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CBRE Earning Call Sentiment
CBRE Group, Inc. (CBRE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CBRE.N
1.41%Positive
The earnings call summary highlights strong financial performance with significant revenue and profit growth across multiple segments, increased free cash flow, and positive outlooks for EPS and cash flow. The Q&A section reveals steady recovery expectations and confidence in organic growth and M&A. Management's responses were generally positive, although some uncertainties about office leasing and capital markets recovery remain. Overall, the strong financial metrics and optimistic guidance suggest a positive stock price movement.