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CBRE Group Inc (CBRE)
NYSE:CBRE
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.81Last Year’s EPS
0.78Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -16.05%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects strong financial performance with record-breaking results, strategic acquisitions, and significant growth in resilient business segments. However, challenges in investment management, flat industrial leasing, and uncertain capital markets recovery present some headwinds. Despite these, the company's robust cash flow and share repurchase activity indicate a positive outlook.Company Guidance
During the CBRE Fourth Quarter 2024 Earnings Conference Call, the company provided robust guidance for 2025, projecting core EPS to range between $5.80 and $6.10, representing over 16% growth at the midpoint. This growth is underpinned by mid-teens SOP growth across resilient lines of business and continued momentum in leasing and capital markets. The company's resilient businesses, including facilities management and project management, contributed nearly 60% to the total SOP for the year, with net revenue growing 16% in the quarter and 14% for the year. Additionally, CBRE anticipates maintaining strong free cash flow generation, approximating last year's total of $1.5 billion, with a free cash flow conversion within the 75% to 85% target range. The company also highlighted its strategic M&A activities, deploying approximately $2 billion in capital during 2024, and emphasized its high conviction in future growth prospects, supported by ongoing share repurchases.Record-Breaking Quarter
Q4 2024 was CBRE's best quarter ever for core earnings and free cash flow, with broad strength across the business.
Significant Business Acquisitions
Acquired Industrious, a premium flex workplace provider, and completed the combination of CBRE project management with Turner & Townsend.
High Growth in Resilient Businesses
Resilient businesses grew net revenue by 16% in Q4 and 14% for the year, contributing nearly 60% of total SOP for the year.
Impressive Leasing Revenue Growth
Globally, leasing revenue grew by 15%, with U.S. office leasing delivering 28% revenue growth.
Strong Cash Flow and Capital Allocation
Free cash flow exceeded $1.5 billion for the year with almost 100% conversion, surpassing the 75% to 85% target range.
Robust Share Repurchase Activity
Repurchased more than $800 million worth of shares since the end of the third quarter.
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CBRE 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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CBRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $140.65 | $143.13 | +1.76% |
| Oct 24, 2024 | $123.12 | $133.50 | +8.43% |
| Jul 25, 2024 | $98.30 | $107.43 | +9.29% |
| May 03, 2024 | $86.79 | $86.61 | -0.21% |
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 CBRE Group Inc (CBRE) report earnings?
CBRE Group Inc (CBRE) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is CBRE Group Inc (CBRE) earnings time?
CBRE Group Inc (CBRE) earnings time is at Apr 24, 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 CBRE EPS forecast?
CBRE EPS forecast for the fiscal quarter 2025 (Q1) is 0.81.
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