CIGI - Colliers International: No Surprises With First-Quarter Results

2024-05-05 23:23:11 ET

Summary

• Colliers International's Q1 2024 top line and EBITDA were largely in line with the market's expectations.
• The company expects to perform better in 2024 as compared to 2023 as per its unchanged full-year financial guidance.
• My Buy rating for CIGI stays unchanged, following an assessment of its recent quarterly performance and its financial prospects.

Elevator Pitch

I rate Colliers International Group Inc. ( CIGI ) ( CIGI:CA ) shares as a Buy.

Earlier, I evaluated CIGI's Q4 2023 financial performance in my February 12, 2024 article . The focus of this write-up is Colliers International's latest financial disclosures for the first quarter of the current year....

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