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Colliers International Group (CIGI)
NASDAQ:CIGI
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.32Last Year’s EPS
1.86Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -10.37%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While there are notable achievements in revenue growth, asset management, and strategic acquisitions, challenges persist in fundraising and certain market segments. The company remains optimistic about future growth prospects and improving market conditions.Company Guidance
During the Q3 2024 earnings call for Colliers International (CIGI.TO), the executives provided guidance indicating a robust outlook despite some challenges. They achieved an 11% increase in revenues to $1.2 billion, with internal growth driven by a 17% rise in Capital Markets and a 21% increase in the Engineering segment. The company reported a $2.4 billion rise in assets under management, totaling nearly $99 billion. However, fundraising in the Investment Management segment fell short of expectations, affecting their profit guidance. Despite this, Colliers anticipates a significant rebound in fundraising in 2025 and sustained mid- to high single-digit growth going forward. Their recurring revenue streams now contribute more than 70% of earnings, and they continue to pursue a robust M&A pipeline, including recent acquisitions like Englobe. The company also highlighted the potential for improved margins through strategic recruiting and operational leverage, particularly within their Real Estate Services segment.Strong Growth in Engineering and Real Estate Services
Engineering grew by 21% driven by acquisitions, and Real Estate Services saw a 17% rise in revenues and capital markets.
Increase in Assets Under Management
Assets under management grew by $2.4 billion during the quarter, reaching nearly $99 billion.
Expansion through Acquisitions
Completed the acquisition of Englobe, and added GWAL in Canada and Pritchard, Francis and TTM in Australia.
Recognition as Top Employer
Colliers was named to Time's list of world's best companies and Forbes World's Best Employers ranking.
Improvement in Leasing
Leasing grew by 6% in the third quarter, with Office leasing up 22%.
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CIGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CIGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $153.86 | $148.85 | -3.26% |
| Aug 01, 2024 | $134.52 | $140.14 | +4.18% |
| May 02, 2024 | $104.42 | $104.35 | -0.07% |
| Feb 08, 2024 | $110.05 | $120.57 | +9.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Colliers International Group (CIGI) report earnings?
Colliers International Group (CIGI) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Colliers International Group (CIGI) earnings time?
Colliers International Group (CIGI) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CIGI EPS forecast?
CIGI EPS forecast for the fiscal quarter 2024 (Q4) is 2.32.
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