CBRE will report earnings Wednesday morning. The commercial real estate firm beat revenue expectations last quarter, reporting $10.53 billion, up 18.6% year on year. For this quarter, analysts expect revenue to grow 15.6% year on year, in line with the 16.3% increase recorded in the same quarter last year. CBRE has missed Wall Street revenue estimates multiple times over the last two years. The stock is up 5.4% over the last month and heads into earnings with an average analyst price target of $176.08 compared to the current share price of $143.41.
CBRE Group Inc Class ACBRE is reporting earnings; revenue expected to rise 15.6% but has missed estimates multiple times recently.