Colliers International Group (CIGI) Set to Announce Quarterly Earnings on Tuesday

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.45 per share for the quarter. Colliers International Group has set its FY 2024 guidance at 5.940-6.470 EPS.Parties interested in registering for the company's conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business earned $1.21 EPS. The firm's revenue was up 5.7% on a year-over-year basis. On average, analysts expect Colliers International Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Colliers International Group Stock Performance

Shares of CIGI stock traded up $0.21 during trading hours on Tuesday, reaching $153.92. The stock had a trading volume of 70,221 shares, compared to its average volume of 113,037. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. Colliers International Group has a twelve month low of $83.38 and a twelve month high of $156.29. The firm has a 50-day simple moving average of $146.96 and a 200-day simple moving average of $127.86. The firm has a market capitalization of $7.53 billion, a PE ratio of 75.08 and a beta of 1.49.

Wall Street Analyst Weigh In

CIGI has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. National Bankshares increased their price objective on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a "sector perform" rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Scotiabank increased their target price on shares of Colliers International Group from $150.00 to $155.00 and gave the company a "sector outperform" rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets increased their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Colliers International Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.33.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.