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Earnings Growth & Price Strength Make CBRE Group (CBRE) a Stock to Watch

Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.

Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.

Why You Should Pay Attention to CBRE Group (CBRE)

Headquartered in Dallas, TX, CBRE Group, Inc. is a commercial real estate services and investment firm, offering a wide range of services to tenants, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estates in all major metropolitan areas across the globe. The services include facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. With more than 130,000 employees (including Turner & Townsend employees), the company served clients in more than 100 countries as of Mar 31, 2024.

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On March 13, 2017, CBRE was added to the Zacks Focus List at $36.40 per share. Shares have increased 148.3% to $90.38 since then.

For fiscal 2024, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $4.50. CBRE boasts an average earnings surprise of 11.1%.

Moreover, analysts are expecting CBRE Group's earnings to grow 17.2% for the current fiscal year.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like CBRE offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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CBRE Group, Inc. (CBRE) : Free Stock Analysis Report

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Zacks Investment Research