CBRE (CBRE) Reports Q4 Earnings: What Key Metrics Have to Say

Zacks
13 Feb

For the quarter ended December 2024, CBRE Group (CBRE) reported revenue of $10.4 billion, up 16.3% over the same period last year. EPS came in at $2.32, compared to $1.38 in the year-ago quarter.

The reported revenue represents a surprise of +1.25% over the Zacks Consensus Estimate of $10.28 billion. With the consensus EPS estimate being $2.21, the EPS surprise was +4.98%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how CBRE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Investment Management AUM: $146.2 billion versus the two-analyst average estimate of $151.38 billion.
  • Net revenue- Global Workplace Solutions: $2.80 billion versus the four-analyst average estimate of $2.76 billion. The reported number represents a year-over-year change of +18.5%.
  • Net revenue: $6.13 billion compared to the $6.01 billion average estimate based on four analysts. The reported number represents a change of +18.3% year over year.
  • Net revenue- Advisory Services: $3.06 billion compared to the $2.97 billion average estimate based on four analysts. The reported number represents a change of +19.2% year over year.
  • Total revenue- Real Estate Investments: $275 million compared to the $293.35 million average estimate based on four analysts. The reported number represents a change of +5% year over year.
  • Revenue- Pass through costs also recognized as revenue- Global Workplace Solutions: $4.24 billion compared to the $4.28 billion average estimate based on three analysts. The reported number represents a change of +13.5% year over year.
  • Revenue- Pass through costs also recognized as revenue: $4.27 billion versus the three-analyst average estimate of $4.16 billion. The reported number represents a year-over-year change of +13.5%.
  • Revenue- Pass through costs also recognized as revenue- Advisory Services: $27 million versus $28.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +16.4% change.
  • Total revenue- Global Workplace Solutions: $7.04 billion compared to the $7.02 billion average estimate based on three analysts. The reported number represents a change of +15.4% year over year.
  • Total revenue- Advisory Services: $3.09 billion versus the three-analyst average estimate of $2.99 billion. The reported number represents a year-over-year change of +19.2%.
  • Revenue- Corporate, Other and Eliminations: -$1 million versus the two-analyst average estimate of -$6.22 million. The reported number represents a year-over-year change of -83.3%.
  • Total segment operating profit (loss)- Advisory Services: $576 million versus $641.39 million estimated by four analysts on average.
View all Key Company Metrics for CBRE here>>>

Shares of CBRE have returned +7.1% over the past month versus the Zacks S&P 500 composite's +3.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

CBRE Group, Inc. (CBRE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10