S&P 500 (NYSE:SPY) component CB Richard Ellis Group, Inc. (NYSE:CBG) will unveil its latest earnings on Monday, July 25, 2011. CB Richard Ellis Group, Inc. is a commercial real estate services firm which serves the occupiers, owners, lenders and investors of multi-family and other commercial real estate.
CB Richard Ellis Group, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 24 cents per share, a rise of 50% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 23 cents. For the year, analysts are projecting net income of $1.11 per share, a rise of 48% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of 13 cents per share against a mean estimate of net income of 12 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $1.38 billion in revenue this quarter, a rise of 17.9% from the year ago quarter. Analysts are forecasting total revenue of $5.97 billion for the year, a rise of 16.6% from last year’s revenue of $5.12 billion.
Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and two rating it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 22.3%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 27.4% from the year earlier quarter.
Competitors to Watch: Jones Lang LaSalle Inc. (NYSE:JLL), Grubb & Ellis Company (NYSE:GBE), Kennedy-Wilson Hldgs., Inc. (NYSE:KW), HFF, Inc. (NYSE:HF), General Electric Company (NYSE:GE), E-House (NASDAQ:CHINA) Hldgs. Ltd. (NYSE:EJ), American Spectrum Realty, Inc. (AMEX:AQQ), and Walker & Dunlop, Inc. (NYSE:WD).
Stock Price Performance: During April 21, 2011 to July 19, 2011, the stock price had fallen $6.18 (-20.8%) from $29.70 to $23.52. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 8, 2010 when shares rose for eight-straight days, rising 8.6% (+$1.58) over that span. It saw one of its worst periods between April 21, 2011 and April 28, 2011 when shares fell for five-straight days, falling 10.7% (-$3.19) over that span. Shares are up $3.04 (+14.8%) year to date.
(Source: Xignite Financials)
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