- CBRE’s Q2 revenue reached $8.39 billion, an 8.7% increase year-over-year.
- Revenue met the estimated figure of $8.43 billion.
- Advisory revenue grew by 8.6%, totaling $2.22 billion, above the estimate of $2.1 billion.
- Global Workplace Solutions revenue increased by 9.5%, reaching $5.94 billion, but fell short of the $6.07 billion estimate.
- Real Estate Investments revenue dropped by 9.3% to $232 million, slightly below the $235.5 million estimate.
- Adjusted EBITDA was $505 million, a marginal rise of 0.2%, exceeding the $477 million estimate.
- Advisory operating income saw an 18% year-over-year increase to $281 million, beating the $261.1 million estimate.
- Global Workplace Solutions operating income decreased by 16% to $132 million, missing the $168.9 million estimate.
- Real Estate Investments operating income fell sharply by 91% to $3 million, below the $18.5 million estimate.
- Adjusted core EPS stood at 81 cents, compared to 82 cents last year, and exceeded the 71-cent estimate.
- Analyst ratings include 4 buys, 8 holds, and no sells.
A look at CBRE Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
CBRE Group, Inc. shows a promising long-term outlook based on the Smartkarma Smart Scores. With a strong Growth and Momentum score of 4 each, the company is positioned for solid expansion and positive market performance. This suggests that CBRE Group is likely to experience continuous growth in the future, making it an attractive option for investors looking for companies with upward trends in the market.
Although the Dividend score is lower at 1, indicating a relatively lower dividend yield, the overall outlook remains positive due to the Value and Resilience scores of 3 each. This shows that CBRE Group is valued appropriately in the market and is expected to withstand market fluctuations, providing stability for investors. With its diverse real estate services and global customer base, CBRE Group remains a robust player in the real estate industry, making it a compelling choice for long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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