Colliers International Group (NASDAQ:CIGI) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Colliers reported adjusted EPS of $1.97, beating estimates by $0.03 and rising 20% year over year. Revenue increased 11.9% to $1.6 billion, while adjusted EBITDA grew 14% to $219 million.
• Engineering net revenue rose 37%, largely from acquisitions, and investment management net revenue increased 8%. Management said recurring or repeat services account for about 70% of earnings.
• Colliers lowered its 2026 growth outlook from mid-teens to low-teens, citing geopolitical uncertainty and interest-rate volatility that are delaying commercial real estate deals. Slower investment management capital deployment is also pushing some fees into early 2027.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI released its quarterly earnings results on Wednesday. The financial services provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.94 by $0.03, Briefing.com reports. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%. During the same period in the previous year, the business earned $1.64 EPS. The business's revenue was up 11.9% on a year-over-year basis.

Here are the key takeaways from Colliers International Group's conference call:

• Third-quarter revenue rose 12% to $1.6 billion, adjusted EBITDA increased 14% to $219 million, and adjusted EPS grew 20% to $1.97. Management said about 70% of earnings come from repeat or recurring services, supporting resilience.
• Engineering net revenue grew 37%, primarily from acquisitions, with 4% organic growth and a backlog of more than 12 months; investment management net revenue increased 8%. Colliers also said recent acquisitions are expected to add about 5% to revenue and 7% to adjusted EBITDA in 2027 as they annualize.
• Colliers lowered its 2026 outlook to low-teens growth in each key metric, from mid-teens previously, citing geopolitical uncertainty and interest-rate volatility that are slowing commercial real estate transactions. Management said deals are generally being delayed rather than canceled, and expects fourth-quarter capital markets growth to be lower than previously anticipated.
• Investment management fundraising is progressing, but slower-than-expected capital deployment is delaying some management fees into early 2027. The segment’s margin was 38%, and management expects it to stabilize around 40% through 2027.

Colliers International Group Price Performance

CIGI traded down $3.38 during trading on Wednesday, reaching $99.74. The stock had a trading volume of 493,117 shares, compared to its average volume of 287,958. Colliers International Group has a 1-year low of $83.21 and a 1-year high of $154.73. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. The stock has a 50 day moving average of $93.39 and a two-hundred day moving average of $104.23. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 47.44 and a beta of 1.18.

Analysts Set New Price Targets

CIGI has been the subject of several research analyst reports. BMO Capital Markets reiterated an "outperform" rating on shares of Colliers International Group in a research note on Thursday, September 24th. Weiss Ratings raised shares of Colliers International Group from a "sell (d)" rating to a "hold (c-)" rating in a report on Thursday, August 6th. Scotiabank dropped their target price on shares of Colliers International Group from $145.00 to $130.00 and set a "sector outperform" rating for the company in a research report on Wednesday, October 28th. National Bank Financial reduced their price target on shares of Colliers International Group from $110.00 to $109.00 and set an "outperform" rating on the stock in a research report on Thursday, October 15th. Finally, Scotia reduced their target price on Colliers International Group from $150.00 to $145.00 and set a "sector outperform" rating on the stock in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $148.86.

Colliers International Group Company Profile

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and related business services. The company serves corporate, institutional and private clients through a broad platform that includes leasing, capital markets, valuation and advisory services.

Its other activities include property, facilities and project management, engineering and consulting services, and real estate investment management. These services are designed to help clients manage, develop, lease, acquire and dispose of commercial properties and portfolios across a range of sectors.

Colliers operates across the Americas, Asia Pacific and Europe, the Middle East and Africa through a combination of company-owned operations and affiliated offices.

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