Valued at $43.1 billion by market cap, Dallas-based CBRE Group, Inc. (CBRE) is the global leader in commercial real estate services and investment. It provides integrated services to real estate investors and occupiers and operates through Advisory Services, Global Workplace Solutions and Real Estate Investments segments. CBRE employs 130,000+ people in its 500+ offices spread across 100+ countries around the globe.
The real estate giant is gearing up to announce its fourth-quarter results before the markets open on Thursday, Feb. 13. Ahead of the event, analysts expect CBRE to report a non-GAAP profit of $2.21 per share, up a staggering 60.1% from $1.38 per share reported in the year-ago quarter. Furthermore, the company has surpassed Wall Street’s bottom-line projections in each of the past four quarters. Its adjusted EPS for the last reported quarter surged 66.7% year-over-year to $1.20, exceeding analysts' estimates by 13.2%.
