Key Takeaways:
- CBRE Group Inc. (CBRE, Financial) surpasses earnings expectations with strong first-quarter results.
- Analyst consensus reveals a promising outlook with a target price upside of over 17%.
- GuruFocus evaluates a slight potential downside from current market prices based on GF Value.
CBRE Group Inc. (CBRE) has recently disclosed its first-quarter earnings, showcasing a promising performance that exceeded market expectations. The company's non-GAAP earnings per share came in at $0.86, surpassing forecasts by $0.09. Furthermore, CBRE's revenue rose impressively to $8.91 billion, marking a 12.4% increase year-over-year, and beating estimates by $40 million. This growth was driven by a 14% rise in net revenue from Resilient Businesses and a 16% increase in Transactional Businesses revenue.
Wall Street Analyst Forecast
According to insights from 10 Wall Street analysts, the average one-year price target for CBRE Group Inc. is projected at $143.50. This target presents a high estimate of $160.00 and a low of $112.00. The average target price implies a potential upside of 17.57% from the current trading price of $122.05. For more in-depth analysis, you can explore the CBRE Group Inc (CBRE, Financial) Forecast page.
The consensus recommendation, based on evaluations from 13 brokerage firms, rates CBRE Group Inc. at an average of 2.0, which indicates an "Outperform" status. This rating falls within a scale where 1 represents a Strong Buy and 5 signifies a Sell.
GuruFocus GF Value Analysis
Examining the projections from GuruFocus, the estimated GF Value for CBRE Group Inc. in one year is calculated at $117.63. This suggests a potential downside of 3.62% from its current market price of $122.05. The GF Value, a proprietary metric by GuruFocus, evaluates the stock's fair trading value based on historical trading multiples, past business growth, and future performance estimates. To delve deeper into these metrics, visit the CBRE Group Inc (CBRE, Financial) Summary page.
For investors considering CBRE Group Inc., these analyst insights and financial metrics provide a comprehensive perspective, assisting in making informed investment decisions in the real estate industry.
