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CBRE Group (CBRE) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research
·3-min read

CBRE Group (CBRE) closed at $106.48 in the latest trading session, marking a +1.14% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, added 0.14%.

Prior to today's trading, shares of the provider of real estate investment management services had gained 2.36% over the past month. This has lagged the Finance sector's gain of 4.89% and outpaced the S&P 500's gain of 0.12% in that time.

Wall Street will be looking for positivity from CBRE Group as it approaches its next earnings report date. This is expected to be February 24, 2022. The company is expected to report EPS of $1.75, up 20.69% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $8.08 billion, up 16.87% from the year-ago period.

Investors should also note any recent changes to analyst estimates for CBRE Group. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CBRE Group is holding a Zacks Rank of #2 (Buy) right now.

Digging into valuation, CBRE Group currently has a Forward P/E ratio of 19.34. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 19.34.

Also, we should mention that CBRE has a PEG ratio of 1.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CBRE's industry had an average PEG ratio of 1.76 as of yesterday's close.

The Real Estate - Operations industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 43% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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CBRE Group, Inc. (CBRE) : Free Stock Analysis Report
 
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Zacks Investment Research