CBRE Group Inc Class A

CBRE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$26.00	Jfxfmk	Bsbrthny

CBRE Earnings: Management Gets Realistic on Recovery, Expects Earnings to Fully Recover by 2025

Suryansh Sharma

Oct 27, 2023

Narrow-moat-rated CBRE's third-quarter results were largely in line with our expectations, as the advisory and real estate investment businesses were affected by low transaction volume and higher interest rates, but the outsourcing segment remained robust. We believe that the brokerage business will remain under pressure in the near term given our macroeconomic outlook and rising interest rates. The company reported core EPS of $0.72 per share in the third quarter, 7.1% higher than the FactSet consensus estimate of $0.67 per share. Core EPS in the third quarter was approximately 36% lower on a year-over-year basis.

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