Stifel Canada Issues Negative Outlook for TSE:CIG Earnings

Colliers International Group Inc (TSE:CIGFree Report) (NASDAQ:CIGI) – Analysts at Stifel Canada dropped their Q3 2024 earnings per share (EPS) estimates for Colliers International Group in a research note issued to investors on Wednesday, October 30th. Stifel Canada analyst D. Young now expects that the company will earn $1.86 per share for the quarter, down from their prior forecast of $2.02. Stifel Canada also issued estimates for Colliers International Group’s FY2024 earnings at $7.65 EPS and FY2025 earnings at $9.31 EPS.

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

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Colliers International Group Price Performance

Colliers International Group has a one year low of C$1.89 and a one year high of C$47.85.

Insiders Place Their Bets

In related news, Senior Officer Elias Mulamoottil sold 9,000 shares of Colliers International Group stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$192.63, for a total transaction of C$1,733,651.10. In other Colliers International Group news, Director Robert Hemming sold 17,570 shares of the stock in a transaction dated 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. Also, Senior Officer Elias Mulamoottil sold 9,000 shares of Colliers International Group stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$192.63, for a total value of C$1,733,651.10. In the last quarter, insiders sold 77,376 shares of company stock worth $14,860,926.

Colliers International Group Company Profile

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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.

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Earnings History and Estimates for Colliers International Group (TSE:CIG)

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