Colliers International (CIGI) Beats Q2 Earnings and Revenue Estimates

Core Viewpoint - Colliers International reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings and revenues [1][2]. Financial Performance - The company achieved earnings of $1.72 per share, surpassing the Zacks Consensus Estimate of $1.49 per share, and up from $1.36 per share a year ago, representing an earnings surprise of +15.44% [1]. - Revenues for the quarter reached $1.35 billion, exceeding the Zacks Consensus Estimate by 4.08%, and up from $1.14 billion in the same quarter last year [2]. Market Performance - Colliers International shares have increased approximately 8.7% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Future Outlook - The consensus EPS estimate for the upcoming quarter is $1.58 on revenues of $1.32 billion, and for the current fiscal year, it is $6.41 on revenues of $5.38 billion [7]. - The outlook for the Real Estate - Operations industry is positive, ranking in the top 32% of over 250 Zacks industries, suggesting potential for outperformance [8].