Analyst Consensus ?
ConsensusBuy20 ratings
Bullish1365.0%
Neutral630.0%
Bearish15.0%
CBRE Group, Inc. · CBRE · FY2025 Q1 · Calendar Q2 2025
CBRE Maintains Guidance as Leasing and Services Stay Resilient
The current analysis supports a measured case for CBRE's operating resilience: leasing, facilities-related services, project management, and capital returns were highlighted positively, while maintained guidance provides continuity. The evidence is not one-sided because tariffs, rates, recession risk, and integration execution remain material swing factors.
Reported Before market openNYSEReal Estate
$36.93B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.82
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $8.87B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.7%
Event window
SPY move
+2.1%
Same window
Abnormal move
-1.4%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
-2.0%
Up to 20 sessions
CBRESPY benchmark
Ask FN2 about CBRE FY2025 Q1
Transcript, numbers and history already loaded
What drove CBRE's +0.7% move after FY2025 Q1 earnings?What changed in CBRE's guidance and outlook in FY2025 Q1?Give me the bull and bear case for CBRE after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the focus shifted from a raised outlook and acquisition-led reshaping toward maintained guidance amid tariff uncertainty. The current analysis adds early evidence on Turner & Townsend integration, continued leasing and services momentum, and a more explicit emphasis on macro sensitivity.
Guidance delta
Maintained; the analysis says 2025 core EPS guidance was unchanged despite macro uncertainty.
Key takeaways
- The analysis describes Q1 core EBITDA growth of 27% and core EPS growth of 10% year over year.
- Resilient and transactional businesses both posted double-digit revenue growth, with leasing and project management contributing.
- Management emphasized cash-flow conversion, share repurchases, targeted M&A, and integration work.
- Tariff uncertainty and interest-rate sensitivity temper an otherwise confident operating outlook.
Management priorities
- Integrate Turner & Townsend and pursue margin synergies.
- Expand facilities management, property management, and data-center services.
- Balance targeted M&A and growth investment with continued share repurchases.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$131.08Current
$107Low
$150.7Average
$185High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 28, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 17, 2026 |
| UBS | Buy | Buy | Maintain | Jul 30, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Jul 30, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 7, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 26, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Jul 24, 2025 |
| Jefferies | Buy | Hold | Upgrade | Jan 2, 2025 |
| Citigroup | Buy | Buy | Maintain | Nov 25, 2024 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 11, 2023 |
| Wolfe Research | Outperform | Outperform | Maintain | Mar 10, 2022 |
| CFRA | Sell | Hold | Downgrade | May 8, 2020 |
| Compass Point | Neutral | Neutral | Maintain | Jul 11, 2019 |
| Bank of America | Neutral | Buy | Downgrade | Jan 3, 2019 |
| B of A Securities | Neutral | Buy | Downgrade | Jan 3, 2019 |
| JMP Securities | Market Perform | Market Outperform | Downgrade | Jan 24, 2018 |
| Wedbush | Outperform | Outperform | Maintain | Oct 6, 2016 |
| Keefe Bruyette & Woods | Perform | Market Perform | Maintain | May 16, 2016 |
| Sterne Agee CRT | Buy | Buy | Maintain | Aug 26, 2015 |
| S&P Capital IQ | Hold | Buy | Downgrade | Aug 1, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $131.08. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $183 | $152.83 | +39.6% | Aug 17, 2026 |
| Evercore ISI | Analyst unavailable | $175 | $147.52 | +33.5% | Jul 30, 2026 |
| Barclays | Analyst unavailable | $180 | $143.88 | +37.3% | Jul 28, 2026 |
| Evercore ISI | Analyst unavailable | $169 | $136.05 | +28.9% | Jun 30, 2026 |
| Barclays | Analyst unavailable | $178 | $140.05 | +35.8% | May 5, 2026 |
| Evercore ISI | Analyst unavailable | $179 | $148.55 | +36.6% | Apr 24, 2026 |
| Barclays | Analyst unavailable | $175 | $145.94 | +33.5% | Apr 14, 2026 |
| UBS | Analyst unavailable | $185 | $147.01 | +41.1% | Feb 22, 2026 |
| Raymond James | Patrick O\'Shaughnessy | $180 | $133.87 | +37.3% | Feb 12, 2026 |
| Barclays | Analyst unavailable | $192 | $164.25 | +46.5% | Jan 13, 2026 |
| UBS | Analyst unavailable | $175 | $164.2 | +33.5% | Oct 24, 2025 |
| UBS | Alex Kramm | $165 | $152.46 | +25.9% | Oct 10, 2025 |
| Evercore ISI | Analyst unavailable | $185 | $164.98 | +41.1% | Aug 25, 2025 |
| Raymond James | Patrick O'Shaughnessy | $152 | $141.02 | +16.0% | Jan 24, 2025 |
| Evercore ISI | Steve Sakawa | $132 | $120.84 | +0.7% | Oct 4, 2024 |
| CFRA | Catherine Seifert | $115 | $111.22 | -12.3% | Jul 29, 2024 |
| Evercore ISI | Steve Sakawa | $123 | $109.37 | -6.2% | Jul 26, 2024 |
| Raymond James | Patrick O'Shaughnessy | $124 | $106.92 | -5.4% | Jul 25, 2024 |
| UBS | Alex Kramm | $95 | $87.08 | -27.5% | Jul 3, 2024 |
| Jefferies | Peter Abramowitz | $107 | $96.2 | -18.4% | Apr 10, 2024 |
| Evercore ISI | Steve Sakawa | $104 | $94.98 | -20.7% | Apr 2, 2024 |
| Raymond James | Analyst unavailable | $113 | $83.27 | -13.8% | Aug 5, 2022 |
| Raymond James | Analyst unavailable | $111 | $83.92 | -15.3% | Apr 26, 2022 |
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Start freeCompany context
Snapshot as of publicationCBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The company operates through Advisory Services, Building Operations and Experience, Project Management, and Real Estate Investments segments. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, lease administration, accounting, investment reporting services, financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services…
Historical context
All CBRE earningsLatest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-10T00:01:43.729046+00:00
- Polygon adjusted daily market bars · 2026-10-09T03:00:43.613619+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T03:00:43.610983+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.