2024-05-07 05:49:27 ET
Summary
- CBRE's Q1 2024 EPS exceeded expectations with a +13% beat.
- The company expects a mid-teens percentage expansion in its earnings for this year, supported by leasing revenue growth and cost management initiatives.
- A comparison of CBRE's P/E multiple with its expected EPS CAGR for the next few years suggests that the stock is undervalued.
Elevator Pitch
CBRE Group, Inc. ( CBRE ) shares are deserving of a Buy rating. My earlier February 16, 2024 write-up analyzed the company's key Q4 2023 financial metrics....
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For further details see:
CBRE: Leasing Recovery And Expense Optimization Will Be Key Earnings Drivers