Colliers International Group Inc (CIGI) Releases Earnings Results, Beats Expectations By $0.05 EPS

Colliers International Group Inc (CIGI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.14. The company posted revenue of $376.11 million in the period, compared to analysts expectations of $353.08 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Colliers International Group Inc. Shares were Reiterated by RBC Capital Mkts on Feb 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 39 from a previous price target of $47 .Shares were Downgraded by RBC Capital Mkts on Feb 1, 2016 to ” Sector Perform” and Lowered the Price Target to $ 47 from a previous price target of $54 .

Colliers International Group Inc. is engaged in commercial real estate services with more than 16300 professionals operating from 502 offices in 67 countries. Colliers professionals provide a range of services to real estate occupiers owners and investors worldwide. Services include brokerage global corporate solutions investment sales and capital markets project management and workplace solutions property and asset management consulting valuation and appraisal services and customized research and thought leadership.

Colliers International Group Inc

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