skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. CIGI: Your expert opinion on earnings please and of course your analysis of the outlook. [Colliers International Group Inc. Subordinate Voting Shares]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Your expert opinion on earnings please and of course your analysis of the outlook. Thank you, Sheldon
Asked by Sheldon on August 03, 2023
5i Research Answer:

SHOP comments are posted now; CIGI reported EPS of $1.31, vs estimates of $1.37. Sales of $1.07B were close to estimates of $1.08B. Revenue fell, but EBITDA beat estimates. The company affirmed guidance, and the stock soared as the results/guidance were not as bad as feared. The outlook was a positive surprise, considering industry conditions. 10% plus growth is expected in 2024 and it would still be one of our preferred stocks in the sector. 

Let us help YOU reach your financial goals today!

Start your FREE trial today and enjoy all the benefits of a 5i Membership including:

  • Access to a team of experts ready to answer your investments question 
  • Instant access to over 100,000 archived questions
  • A community of like-minded investors
  • Peace of mind knowing that 5i Research has only YOUR best interests in mind