Stifel Canada Has Positive Forecast for TSE:CIG Q4 Earnings

Colliers International Group Inc (TSE:CIG) (NASDAQ:CIGI) – Stifel Canada lifted their Q4 2024 earnings per share (EPS) estimates for shares of Colliers International Group in a report issued on Wednesday, October 30th. Stifel Canada analyst D. Young now expects that the company will post earnings per share of $3.11 for the quarter, up from their previous estimate of $3.10.

Colliers International Group (TSE:CIG) (NASDAQ:CIGI) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.73 by C($0.03). The firm had revenue of C$1.56 billion during the quarter, compared to analysts’ expectations of C$1.52 billion.

Separately, Raymond James downgraded shares of Colliers International Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, August 1st.

Colliers International Group Price Performance

Colliers International Group has a twelve month low of C$1.89 and a twelve month high of C$47.85.

Insiders Place Their Bets

In other news, Director Robert Hemming sold 17,570 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$200.29, for a total transaction of C$3,519,119.90. In other news, Senior Officer Rebecca Finley sold 11,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$198.09, for a total value of C$2,179,027.40. Also, Director Robert Hemming sold 17,570 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$200.29, for a total transaction of C$3,519,119.90. In the last quarter, insiders sold 77,376 shares of company stock valued at $14,860,926.

About Colliers International Group

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.