earnings
confidence high
sentiment positive
materiality 0.80
Q3 Core EPS $1.20 +67% YoY; revenue $9.04B +15%; full-year guidance raised to $4.95-$5.05
CBRE GROUP, INC.
2024-Q3 EPS reported
$1.56
revenue$25,363,000,000
- GAAP EPS $0.73 +20% YoY; Core EPS $1.20 +67% YoY, second-highest Q3 core EPS in history.
- Revenue $9.04B +15%, net revenue $5.32B +20%; free cash flow $494M +61%.
- Global leasing revenue +19%, U.S. leasing +24%; property sales +14% first growth in 8 quarters.
- Full-year Core EPS guidance raised to $4.95-$5.05 from $4.70-$4.90.
- Net leverage 1.26x; $1.4B remaining stock buyback capacity; AUM $148.3B.