CBRE Earnings: What To Look For From CBRE

Commercial real estate firm CBRE (NYSE:CBRE) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.

CBRE beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $10.4 billion, up 16.2% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a miss of analysts’ Workplace Solutions revenue estimates.

Is CBRE a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting CBRE’s revenue to grow 11.7% year on year to $8.86 billion, improving from the 7.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CBRE has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.2% on average.

Looking at CBRE’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Nike’s revenues decreased 9.3% year on year, beating analysts’ expectations by 2.3%, and Monarch reported revenues up 3.1%, topping estimates by 2.1%. Nike traded down 5.4% following the results.

Read our full analysis of Nike’s results here and Monarch’s results here.

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