Key Predictions For Q3 Earnings Reports Of CBG, WPC & RLGY
Zacks Investment Research | Nov 01, 2017 10:14PM ET
We are in the final leg of the Q3 earnings season, and a few companies like CBRE Group (NYSE:CBG) , W.P. Carey (NYSE:WPC) and Realogy Holdings (NYSE:RLGY) are gearing up to report their numbers tomorrow.
Recovery in the economy and labor markets has reinstated investors’ confidence. As a result, many companies in the space have witnessed accelerated business growth in third-quarter 2017.
The real estate debt market remained liquid in the quarter. This has been possible due to the increased participation of alternative lenders.
Per a report by Jones Lang LaSalle Incorporated (NYSE:JLL) , despite elevated supply of multi-family assets in the first half of the year, national absorption came in at 1.1%, reflecting steady demand. This is anticipated to increase property investment and leasing activity, and aid the top-line performance of several companies in the to-be-reported quarter.
Further, strength in regional services business as well as growth in global occupier outsourcing business will support companies in the real estate operations industry.
Also, this view is confirmed by the Zacks Industry Rank. The Real Estate-Operations industry carries a Zacks Industry Rank of #74, which places it at the top 29% of the 250 plus Zacks-ranked industries.
Let us take a look at how the following companies are placed ahead of their quarterly releases on Nov 3.
Commercial real estate services and investment firm CBRE provides a broad range of real estate products and services. The company’s cost containment efforts will likely result in operational efficiencies in the third quarter. Also, CBRE’s geographic expansion effort in a bid to enhance its service offerings augurs well. It will also prove conductive to the company’s quarterly performance.
Amid these, the Zacks Consensus Estimate for third-quarter revenues is pegged at $3.42 billion, indicating projected growth of 7.1% year over year. Moreover, the estimate for revenues from the Americas segment is nearly $1.87 billion, the same form Europe, the Middle East and Africa (EMEA) segment is estimated at $1.03 billion, while Asia Pacific revenues estimate is $404 million.
At present, CBRE has a Zacks Rank #2 (Buy) and an Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.