CBRE Group Q4 EPS Surges Past Estimates
CBRE Group posted strong fourth-quarter earnings for 2024, surpassing analyst expectations and demonstrating solid segment performance.
Commercial real estate services specialist CBRE Group (NYSE:CBRE) reported fourth-quarter and full-year 2024 earnings on Thursday, Feb. 13, that topped analysts' consensus expectations. Adjusted earnings per share (EPS) of $2.32 surpassed the expected $2.23 and jumped an impressive 68% from Q4 2023. Revenue for the quarter climbed to $10.4 billion, outpacing expectations of $10.29 billion and rising 16.2% year over year.
This quarter's results underscore a robust performance across its major segments.
Source: CBRE Group. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. EBITDA = Earnings before interest, taxes, depreciation, and amortization.
