Stifel Canada Analysts Boost Earnings Estimates for TSE:CIG

Colliers International Group Inc (TSE:CIG) (NASDAQ:CIGI) – Equities researchers at Stifel Canada lifted their Q4 2024 earnings estimates for Colliers International Group in a research report issued to clients and investors on Wednesday, October 30th. Stifel Canada analyst D. Young now forecasts that the company will earn $3.11 per share for the quarter, up from their previous forecast of $3.10.

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

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

Colliers International Group Stock Performance

Colliers International Group has a 12-month low of C$1.89 and a 12-month high of C$47.85.

Insider Activity at Colliers International Group

In other Colliers International Group news, Director Stephen Joseph Harper sold 5,300 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$136.30, for a total value of C$722,390.00. In related news, Director Robert Hemming sold 4,600 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$195.02, for a total value of C$897,070.84. Also, Director Stephen Joseph Harper sold 5,300 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$136.30, for a total value of C$722,390.00. Insiders have sold a total of 77,376 shares of company stock worth $14,860,926 over the last quarter.

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.