CB Richard Ellis Group Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CB Richard Ellis Group, Inc. (NYSE:CBG) will unveil its latest earnings on Thursday, October 27, 2011. CB Richard Ellis Group 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 net income of 24 cents per share, a rise of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 27 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 25 cents during the last month. For the year, analysts are projecting profit of $1 per share, a rise of 33.3% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 3 cents, coming in at net income of 21 cents per share versus a mean estimate of profit of 24 cents per share. In the first quarter, the company beat estimates by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 15.7% in revenue from the year-earlier quarter to $1.47 billion.

Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose 11.7% to $61.2 million (19 cents a share) from $54.8 million (17 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 21.4% to $1.42 billion from $1.17 billion.

Key Stats:

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%, 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 July 28, 2011 to October 21, 2011, the stock price had fallen $5.76 (-27.4%) from $21.05 to $15.29. 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 September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 16.3% (-$2.49) over that span. Shares are down $5.19 (-25.3%) year to date.

(Source: Xignite Financials)

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