Colliers International Group (NASDAQ:CIGI) Posts Earnings Results, Beats Estimates By $0.03 EPS

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.03, Briefing.com reports. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. During the same quarter in the previous year, the business earned $1.64 EPS. The company’s revenue was up 11.9% on a year-over-year basis.

Here are the key takeaways from Colliers International Group’s conference call:

• Third-quarter revenue rose 12% to $1.6 billion, adjusted EBITDA increased 14% to $219 million, and adjusted EPS grew 20% to $1.97. Management said about 70% of earnings come from repeat or recurring services, supporting resilience.
• Engineering net revenue grew 37%, primarily from acquisitions, with 4% organic growth and a backlog of more than 12 months; investment management net revenue increased 8%. Colliers also said recent acquisitions are expected to add about 5% to revenue and 7% to adjusted EBITDA in 2027 as they annualize.
• Colliers lowered its 2026 outlook to low-teens growth in each key metric, from mid-teens previously, citing geopolitical uncertainty and interest-rate volatility that are slowing commercial real estate transactions. Management said deals are generally being delayed rather than canceled, and expects fourth-quarter capital markets growth to be lower than previously anticipated.
• Investment management fundraising is progressing, but slower-than-expected capital deployment is delaying some management fees into early 2027. The segment’s margin was 38%, and management expects it to stabilize around 40% through 2027.

Colliers International Group Stock Down 4.5%

Shares of CIGI stock traded down $4.66 during trading hours on Wednesday, hitting $98.46. 623,684 shares of the company were exchanged, compared to its average volume of 288,385. Colliers International Group has a 52 week low of $83.21 and a 52 week high of $154.73. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. The business has a 50 day moving average of $93.39 and a two-hundred day moving average of $104.23. The company has a market capitalization of $5.03 billion, a PE ratio of 46.89 and a beta of 1.18.

Analyst Ratings Changes

Several analysts recently commented on CIGI shares. Weiss Ratings raised Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. BMO Capital Markets reissued an “outperform” rating on shares of Colliers International Group in a research note on Thursday, September 24th. National Bank Financial lowered their price target on Colliers International Group from $110.00 to $109.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Scotia dropped their price target on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 31st. Finally, Scotiabank dropped their price target on Colliers International Group from $145.00 to $130.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.86.

Colliers International Group Company Profile

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related business services. The company serves corporate, institutional and private clients through a broad platform that includes leasing, capital markets, valuation and advisory services.

Its other activities include property, facilities and project management, engineering and consulting services, and real estate investment management. These services are designed to help clients manage, develop, lease, acquire and dispose of commercial properties and portfolios across a range of sectors.

Colliers operates across the Americas, Asia Pacific and Europe, the Middle East and Africa through a combination of company-owned operations and affiliated offices.