CBRE(CBRE) ZACKS·2025-02-12 17:10Core Viewpoint - CBRE Group, Inc. is set to announce its fourth-quarter and full-year 2024 earnings on February 13, with expectations of strong performance across its business segments, driven by ongoing strategic initiatives and market demand [1][2]. Financial Performance - In the last reported quarter, CBRE achieved an earnings surprise of 13.2%, with double-digit revenue and segment operating profit growth [2]. - Over the past four quarters, CBRE has consistently surpassed the Zacks Consensus Estimate, with an average earnings beat of 14.4% [3]. - The Zacks Consensus Estimate for fourth-quarter 2024 revenues is 3 billion, up from 2.76 billion, an increase from 293.4 million, up from 2.21, indicating a 60.1% increase year-over-year [7]. Growth Projections - For 2024, net revenues for the Advisory Services segment are expected to rise by 12% year-over-year [9]. - The GWS segment is projected to see a 13.7% increase in net revenues year-over-year [9]. - Total revenues from Real Estate Investments are anticipated to grow by 17.3% year-over-year [9]. - CBRE projects its 2024 core EPS to be in the range of 5.05, with a full-year EPS estimate of $4.99, reflecting a 30% increase year-over-year [10]. Strategic Initiatives - CBRE is focusing on creating a balanced and resilient business model, transitioning to a more contractual business mix, which is expected to positively impact performance [3]. - The company is prioritizing technology investments to enhance efficiency and expand its market share, which is seen as a key factor in addressing current challenges [5]. - The increasing demand for outsourcing services is providing significant opportunities for CBRE to expand its client base and offerings, particularly in the GWS segment [4].