Colliers International (CIGI) Stock Jumps 3.8%: Will It Continue to Soar?

Company Overview - Colliers International (CIGI) shares increased by 3.8% to close at $169.29, with trading volume significantly higher than usual, compared to a 3.2% gain over the past four weeks [1] - The company's investment management arm, Harrison Street Asset Management, has integrated its North American businesses, aiming to create a streamlined global platform for better performance in real assets [2] Earnings Expectations - Colliers International is projected to report quarterly earnings of $1.58 per share, reflecting a year-over-year increase of 19.7%, with revenues expected to reach $1.36 billion, up 15.3% from the previous year [3] - The consensus EPS estimate for Colliers has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Colliers International is part of the Zacks Real Estate - Operations industry, which includes other companies like Mobile Infrastructure Corporation (BEEP), which saw a 0.8% increase in its stock price [4] - Mobile Infrastructure Corporation's consensus EPS estimate has remained at -$0.08, representing a 33.3% decline from the previous year, and it currently holds a Zacks Rank of 3 (Hold) [5]