Strength Seen in Colliers International (CIGI): Can Its 4.2% Jump Turn into More Strength?

Group 1: Company Overview - Colliers International (CIGI) shares increased by 4.2% to close at $139.72, supported by strong trading volume, contrasting with an 8.3% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $2.39 per share, reflecting a year-over-year increase of 5.8%, with revenues projected at $1.6 billion, up 6.4% from the previous year [2] Group 2: Earnings Estimates and Trends - The consensus EPS estimate for Colliers International has been revised 2.2% lower in the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [3] - Trends in earnings estimate revisions are strongly correlated with near-term stock price movements, suggesting that the recent stock price increase may not sustain without positive revisions [2][3] Group 3: Industry Context - Colliers International is part of the Zacks Real Estate - Operations industry, which includes other companies like TPG RE Finance Trust (TRTX), which saw a 0.7% increase to $8.95 but has returned -1% over the past month [4] - TPG RE Finance Trust's consensus EPS estimate has decreased by 1.9% to $0.27, representing a significant year-over-year increase of 170%, but it currently holds a Zacks Rank of 5 (Strong Sell) [5]