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CBRE - CBRE Stock: Still A Buy On Results Beat And Favorable Guidance
CBRE Group Inc Class A
2024-02-16 09:00:00 ET
Summary
CBRE Group, Inc. delivered revenue and earnings beats of +6% and +17%, respectively for Q4 2023.
The company expects to reverse from a bottom line contraction of -33% last year to register an earnings expansion of +16% in the current year.
I maintain a Buy rating for CBRE Group, taking into account its above-expectations quarterly financial performance and its positive financial prospects.
Elevator Pitch
I rate CBRE Group, Inc. ( CBRE ) stock as a Buy....