Analyst Consensus ?
ConsensusBuy20 ratings
Bullish1365.0%
Neutral630.0%
Bearish15.0%
CBRE Group, Inc. · CBRE · FY2026 Q1 · Calendar Q2 2026
CBRE Beats Estimates as Data Center Demand Drives 42% EPS Surprise
CBRE delivered a substantial Q1 FY2026 beat, with EPS of $1.61 against a $1.13 estimate (42.5% surprise) and revenue of $10.53B versus $10.23B expected. The newly created Critical Infrastructure Services line -- anchored by data center demand -- generated $580M in Q1 and is projected to grow over 60% for the full year. Management raised full-year core EPS guidance to $7.60-$7.80. Despite the strong print, the stock fell 2.7% on the report session and drifted 12.2% lower subsequently. Analyst concerns centered on profit pull-forward sustainability and interest-rate sensitivity. The consensus analyst price target of $178.50 implies meaningful upside from the current $147.78, though the post-earnings drift suggests the market is weighing near-term execution risk against the data-center growth thesis.
Reported Before market openNYSEReal Estate
$43.27B market cap
90quality score
Company 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…
Earnings scorecard
Reported versus consensus
Reported EPS
$1.61
Consensus $1
EPS surprise
+42.5%
Reported versus consensus
Reported revenue
$10.53B
Consensus $10.23B
Revenue surprise
+2.9%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$147.78Current
$107Low
$149.8Average
$185High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 30, 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 |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Jul 28, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jun 30, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Apr 24, 2026 |
| UBS | Buy | Neutral | Upgrade | Feb 23, 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 $147.78. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $180 | $143.88 | +21.8% | Jul 28, 2026 |
| Evercore ISI | Analyst unavailable | $169 | $136.05 | +14.4% | Jun 30, 2026 |
| Barclays | Analyst unavailable | $178 | $140.05 | +20.4% | May 5, 2026 |
| Evercore ISI | Analyst unavailable | $179 | $148.55 | +21.1% | Apr 24, 2026 |
| Barclays | Analyst unavailable | $175 | $145.94 | +18.4% | Apr 14, 2026 |
| UBS | Analyst unavailable | $185 | $147.01 | +25.2% | Feb 22, 2026 |
| Raymond James | Patrick O\'Shaughnessy | $180 | $133.87 | +21.8% | Feb 12, 2026 |
| Barclays | Analyst unavailable | $192 | $164.25 | +29.9% | Jan 13, 2026 |
| UBS | Analyst unavailable | $175 | $164.2 | +18.4% | Oct 24, 2025 |
| UBS | Alex Kramm | $165 | $152.46 | +11.7% | Oct 10, 2025 |
| Evercore ISI | Analyst unavailable | $185 | $164.98 | +25.2% | Aug 25, 2025 |
| Raymond James | Patrick O'Shaughnessy | $152 | $141.02 | +2.9% | Jan 24, 2025 |
| Evercore ISI | Steve Sakawa | $132 | $120.84 | -10.7% | Oct 4, 2024 |
| CFRA | Catherine Seifert | $115 | $111.22 | -22.2% | Jul 29, 2024 |
| Evercore ISI | Steve Sakawa | $123 | $109.37 | -16.8% | Jul 26, 2024 |
| Raymond James | Patrick O'Shaughnessy | $124 | $106.92 | -16.1% | Jul 25, 2024 |
| UBS | Alex Kramm | $95 | $87.08 | -35.7% | Jul 3, 2024 |
| Jefferies | Peter Abramowitz | $107 | $96.2 | -27.6% | Apr 10, 2024 |
| Evercore ISI | Steve Sakawa | $104 | $94.98 | -29.6% | Apr 2, 2024 |
| Raymond James | Analyst unavailable | $113 | $83.27 | -23.5% | Aug 5, 2022 |
| Raymond James | Analyst unavailable | $111 | $83.92 | -24.9% | Apr 26, 2022 |
Track every rating change on CBRE the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
-2.7%
Event window
SPY move
-0.4%
Same window
Abnormal move
-2.4%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-12.2%
Up to 20 sessions
CBRESPY benchmark
Follow CBRE with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeTranscript intelligence
What changed
Revenue grew approximately 20% year-over-year and operating profit grew roughly 30%, driven by infrastructure and advisory businesses. The Critical Infrastructure Services line generated $580M in Q1, with data center land development profits pulled forward into the quarter. A $900M embedded profit pool from Trammell Crow land assets is being replenished through ongoing acquisitions and development, including the Pearce acquisition for telecom and power assets. Full-year core EPS guidance was raised to $7.60-$7.80. AI tools are being deployed across all four segments with controlled access.
Guidance delta
Full-year core EPS guidance raised to $7.60-$7.80, reflecting strong Q1 performance and early Q2 momentum. Guidance sentiment is raised; management tone is confident. Prior guidance range was not disclosed in the supplied analysis.
Key takeaways
- Revenue and operating profit surged ~20% and ~30% year-over-year, driven by infrastructure and advisory businesses.
- Critical infrastructure services, especially data center work, are becoming a core growth engine.
- Full-year core EPS guidance was raised to $7.60-$7.80, reflecting strong Q1 performance and early Q2 momentum.
- A $900M embedded profit pool from Trammell Crow land assets is being replenished through ongoing acquisitions and development.
- AI integration is underway, offering both product enhancements and future cost efficiencies.
Management priorities
- Expand the critical infrastructure services line globally, especially in Europe and Asia.
- Accelerate AI tool development across brokerage, building operations, and project management.
- Pursue targeted M&A, with a focus on data center and infrastructure platforms.
- Continue share repurchases and maintain capital allocation discipline.
- Invest in land acquisition and entitlement for data center and industrial projects via Trammell Crow.
Related earnings events
Real EstateSources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-30T03:10:56.428779+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T03:10:56.426103+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 . For educational purposes only; not investment advice.