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Colliers International Group First Quarter 2024 Earnings: Beats Expectations

Colliers International Group (TSE:CIGI) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.00b (up 3.7% from 1Q 2023).

  • Net income: US$12.7m (up from US$20.2m loss in 1Q 2023).

  • Profit margin: 1.3% (up from net loss in 1Q 2023).

  • EPS: US$0.26 (up from US$0.47 loss in 1Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Colliers International Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Real Estate industry in Canada.

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Performance of the Canadian Real Estate industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

Be aware that Colliers International Group is showing 4 warning signs in our investment analysis and 2 of those don't sit too well with us...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.