Overview

* Colliers Q3 revenue grows 24% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 rises 24%, beating analyst expectations

* GAAP operating earnings fell due to prior year adjustments

Outlook

* Colliers maintains 2025 outlook with low-teens revenue growth expected

* Company expects mid-teens Adjusted EBITDA growth for full year

* Colliers sees mid to high-teens Adjusted EPS growth in 2025

Result Drivers

* REAL ESTATE SERVICES - Revenue up 14% driven by growth in Leasing and Capital Markets transactions

* ENGINEERING GROWTH - Revenue up 54% due to strategic acquisitions and strong internal growth in infrastructure and transportation

* INVESTMENT MANAGEMENT - Revenue up 7% supported by acquisitions and higher fee-paying assets under management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.46 $1.36

Revenue bln bln (9

Analysts

)

Q3 Beat $1.64 $1.58 (9

Adjusted Analysts

EPS )

Q3 EPS $0.82

Q3 $191.10

Adjusted mln

EBITDA

Q3 $104.70

Operatin mln

g

Earnings

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the real estate services peer group is "buy"

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)