CBRE (CBRE) Q1 Earnings: What to Expect

Commercial real estate firm CBRE (NYSE:CBRE) will report earnings tomorrow before the market opens. Here’s what to expect.

CBRE beat analysts’ revenue expectations by 6% last quarter, reporting revenue of $8.95 billion, up 9.2% from a year earlier. It was an exceptional quarter for the company, with an impressive pace beating analysts’ revenue and earnings estimates.

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

For the quarter, analysts expect CBRE’s revenue to grow 7.3% year-over-year to $7.95 billion, improving from 1.1% growth in the same quarter last year. Adjusted earnings are expected to come in at $0.69 per share.

Analysts covering the company have generally reconfirmed their estimates over the past 30 days, suggesting that they anticipate the business to maintain its earnings trajectory. CBRE has missed Wall Street’s earnings estimates twice in the past two years.

Looking at CBRE’s Real Estate Services peers, some have already reported their Q1 results, giving us an indication of what to expect. Cushman & Wakefield’s revenue fell 2.9% year-over-year, meeting analysts’ expectations, and Anywhere Real Estate reported flat revenue, missing estimates by 1.8%. Cushman & Wakefield traded up 2.7% following the results, while Anywhere Real Estate also fell 4.6%.

Read our full analysis of Cushman & Wakefield’s results here and Anywhere Real Estate’s results here.

Equities – especially those trading at higher multiples – had a strong end to 2023, but 2024 saw periods of volatility. Mixed inflation signals led to uncertainty about rate cuts, and while some property services stocks fared slightly better, they were not spared, with share prices falling an average of 6.1% over the past month. CBRE is down 9.6% over the same period and is headed for earnings with an average analyst price target of $104.1 (compared to the current share price of $86.27).

Unless you’ve been living under a rock, it should be obvious by now that generative AI will have a huge impact on the way large corporations do business. While Nvidia and AMD are trading near all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock that’s benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.