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CBRE Group (CBRE) Gains As Market Dips: What You Should Know

Zacks Equity Research
·3 min read

CBRE Group (CBRE) closed the most recent trading day at $99.71, moving +0.83% from the previous trading session. This change outpaced the S&P 500's 1.1% loss on the day. Elsewhere, the Dow lost 0.89%, while the tech-heavy Nasdaq added 0.03%.

Coming into today, shares of the provider of real estate investment management services had lost 6.25% in the past month. In that same time, the Finance sector gained 2.59%, while the S&P 500 lost 1.81%.

Wall Street will be looking for positivity from CBRE Group as it approaches its next earnings report date. This is expected to be February 24, 2022. In that report, analysts expect CBRE Group to post earnings of $1.75 per share. This would mark year-over-year growth of 20.69%. Meanwhile, our latest consensus estimate is calling for revenue of $8.08 billion, up 16.87% from the prior-year quarter.

It is also important to note the recent changes to analyst estimates for CBRE Group. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

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Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CBRE Group is currently sporting a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that CBRE Group has a Forward P/E ratio of 18.17 right now. This represents a premium compared to its industry's average Forward P/E of 17.9.

Also, we should mention that CBRE has a PEG ratio of 1.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CBRE's industry had an average PEG ratio of 1.65 as of yesterday's close.

The Real Estate - Operations industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 37% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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