CIGI Stock Recent News

Colliers International (CIGI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

The heavy selling pressure might have exhausted for Colliers International (CIGI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the third quarter ended September 30, 2023 will be issued by press release on November 2, 2023 at approximately 7:00am ET.

Colliers International Group Inc. (NASDAQ:CIGI ) Q2 2023 Earnings Call Transcript August 2, 2023 11:00 AM ET Company Participants Jay Hennick - Global Chairman & CEO Chris McLernon - CEO, Real Estate Services Christian Mayer - CFO Conference Call Participants Steve MacLeod - BMO Capital Markets Stephen Sheldon - William Blair Frederic Bastien - Raymond James Jimmy Shan - RBC Capital Markets Maxim Sytchev - National Bank Financial Operator Welcome to the Colliers International Second Quarter Investors Conference Call. Today's call is being recorded.

TORONTO, July 12, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the second quarter ended June 30, 2023 will be issued by press release on August 2, 2023 at approximately 7:00am ET.

The Oakmark Intl Small Cap (Trades, Portfolio) Fund recently disclosed its portfolio updates on its website for the fiscal quarter ended March 31. The company's fiscal year ends on Sept.

The decline in margins, particularly in Europe, was more severe than expected and led to a drop in the share price, in my opinion. Despite weak 1Q23 results, management's revised guidance suggests a positive revenue performance for the rest of FY23. If the macro environment stabilizes, growth could exceed expectations, in my opinion.

Colliers International (CIGI) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.44 per share a year ago.

The consensus price target hints at a 46% upside potential for Colliers International (CIGI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Colliers International (CIGI) witnessed a jump in share price last session on above-average trading volume.