Colliers International Group Inc (CIGI) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.63 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.55. The company posted revenue of $482.50 million in the period, compared to analysts expectations of $438.73 million. The company’s revenue was up 17.7% compared to the same quarter last year.
Many Wall Street Analysts have commented on Colliers International Group Inc. RBC Capital Mkts Initiated Colliers International Group Inc on Jun 15, 2016 to “Outperform”, Price Target of the shares are set at $52.
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.