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Key Predictions for Q3 Earnings Reports of CBG, WPC & RLGY
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We are in the final leg of the Q3 earnings season, and a few companies like CBRE Group , W.P. Carey (WPC - Free Report) and Realogy Holdings are gearing up to report their numbers tomorrow.
Recovery in the economy and labor markets has reinstated investors’ confidence. As a result, many companies in the space have witnessed accelerated business growth in third-quarter 2017.
The real estate debt market remained liquid in the quarter. This has been possible due to the increased participation of alternative lenders.
Per a report by Jones Lang LaSalle Incorporated (JLL - Free Report) , despite elevated supply of multi-family assets in the first half of the year, national absorption came in at 1.1%, reflecting steady demand. This is anticipated to increase property investment and leasing activity, and aid the top-line performance of several companies in the to-be-reported quarter.
Further, strength in regional services business as well as growth in global occupier outsourcing business will support companies in the real estate operations industry.
Also, this view is confirmed by the Zacks Industry Rank. The Real Estate-Operations industry carries a Zacks Industry Rank of #74, which places it at the top 29% of the 250 plus Zacks-ranked industries.
Let us take a look at how the following companies are placed ahead of their quarterly releases on Nov 3.
Commercial real estate services and investment firm CBRE provides a broad range of real estate products and services. The company’s cost containment efforts will likely result in operational efficiencies in the third quarter. Also, CBRE’s geographic expansion effort in a bid to enhance its service offerings augurs well. It will also prove conductive to the company’s quarterly performance.
Amid these, the Zacks Consensus Estimate for third-quarter revenues is pegged at $3.42 billion, indicating projected growth of 7.1% year over year. Moreover, the estimate for revenues from the Americas segment is nearly $1.87 billion, the same form Europe, the Middle East and Africa (EMEA) segment is estimated at $1.03 billion, while Asia Pacific revenues estimate is $404 million.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Realogy Holdings Corp., headquartered in New Jersey, is a preeminent provider of residential real estate services. The company, through its subsidiaries, provides real estate brokerage services, relocation services, and title and settlement services. Numerous brands and widespread operations aid the company to churn dependable revenues from diverse locations and price points.
The company derives revenues on a fee-for-service basis. In the second quarter, it recorded 9% growth in home sales transaction volume. The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.8 billion, indicating projected growth of 8.3% year over year. Also, the third-quarter 2017 earnings estimate of 80 cents suggests 7.8% year-over-year growth.
At present, Realogy Holdings has a Zacks Rank #3 (Hold) and an Earnings ESP of -9.81%. Though the company has a favorable Zacks Rank, the negative ESP lowers chances of an earnings beat.
W. P. Careyis a real estate investment trust engaged in providing long-term sale-leaseback and build-to-suit financing for companies. The firm primarily invests in commercial properties which are generally triple-net leased to single corporate tenants, including office, warehouse, industrial, logistics, retail, hotel, R&D and self-storage properties.
The Zacks Consensus Estimate for its revenues of $203.2 million indicates a year-over-year growth of 12.8%. Furthermore, its third-quarter earnings are expected to increase 15.5% to $1.19.
At present, W. P. Carey has an Earnings ESP of +1.68%. However, the company’s Zacks Rank of 4 (Sell) lowers chances of an earnings beat.
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Key Predictions for Q3 Earnings Reports of CBG, WPC & RLGY
We are in the final leg of the Q3 earnings season, and a few companies like CBRE Group , W.P. Carey (WPC - Free Report) and Realogy Holdings are gearing up to report their numbers tomorrow.
Recovery in the economy and labor markets has reinstated investors’ confidence. As a result, many companies in the space have witnessed accelerated business growth in third-quarter 2017.
The real estate debt market remained liquid in the quarter. This has been possible due to the increased participation of alternative lenders.
Per a report by Jones Lang LaSalle Incorporated (JLL - Free Report) , despite elevated supply of multi-family assets in the first half of the year, national absorption came in at 1.1%, reflecting steady demand. This is anticipated to increase property investment and leasing activity, and aid the top-line performance of several companies in the to-be-reported quarter.
Further, strength in regional services business as well as growth in global occupier outsourcing business will support companies in the real estate operations industry.
Also, this view is confirmed by the Zacks Industry Rank. The Real Estate-Operations industry carries a Zacks Industry Rank of #74, which places it at the top 29% of the 250 plus Zacks-ranked industries.
Let us take a look at how the following companies are placed ahead of their quarterly releases on Nov 3.
Commercial real estate services and investment firm CBRE provides a broad range of real estate products and services. The company’s cost containment efforts will likely result in operational efficiencies in the third quarter. Also, CBRE’s geographic expansion effort in a bid to enhance its service offerings augurs well. It will also prove conductive to the company’s quarterly performance.
Amid these, the Zacks Consensus Estimate for third-quarter revenues is pegged at $3.42 billion, indicating projected growth of 7.1% year over year. Moreover, the estimate for revenues from the Americas segment is nearly $1.87 billion, the same form Europe, the Middle East and Africa (EMEA) segment is estimated at $1.03 billion, while Asia Pacific revenues estimate is $404 million.
At present, CBRE has a Zacks Rank #2 (Buy) and an Earnings ESP of 0.00%. Though the Zacks Rank is favorable, we also need to have a positive ESP to be confident of an earnings beat. (Read more: CBRE Group to Report Q3 Earnings: What's in the Cards?)
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CBRE Group, Inc. Price and EPS Surprise
CBRE Group, Inc. Price and EPS Surprise | CBRE Group, Inc. Quote
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Realogy Holdings Corp., headquartered in New Jersey, is a preeminent provider of residential real estate services. The company, through its subsidiaries, provides real estate brokerage services, relocation services, and title and settlement services. Numerous brands and widespread operations aid the company to churn dependable revenues from diverse locations and price points.
The company derives revenues on a fee-for-service basis. In the second quarter, it recorded 9% growth in home sales transaction volume. The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.8 billion, indicating projected growth of 8.3% year over year. Also, the third-quarter 2017 earnings estimate of 80 cents suggests 7.8% year-over-year growth.
At present, Realogy Holdings has a Zacks Rank #3 (Hold) and an Earnings ESP of -9.81%. Though the company has a favorable Zacks Rank, the negative ESP lowers chances of an earnings beat.
Realogy Holdings Corp. Price and EPS Surprise
Realogy Holdings Corp. Price and EPS Surprise | Realogy Holdings Corp. Quote
W. P. Careyis a real estate investment trust engaged in providing long-term sale-leaseback and build-to-suit financing for companies. The firm primarily invests in commercial properties which are generally triple-net leased to single corporate tenants, including office, warehouse, industrial, logistics, retail, hotel, R&D and self-storage properties.
The Zacks Consensus Estimate for its revenues of $203.2 million indicates a year-over-year growth of 12.8%. Furthermore, its third-quarter earnings are expected to increase 15.5% to $1.19.
At present, W. P. Carey has an Earnings ESP of +1.68%. However, the company’s Zacks Rank of 4 (Sell) lowers chances of an earnings beat.
W.P. Carey Inc. Price and EPS Surprise
W.P. Carey Inc. Price and EPS Surprise | W.P. Carey Inc. Quote
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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