01:45 PM EDT, 04/30/2024 (MT Newswires) -- In its preview of Colliers International's ( CIGI ) Q1, RBC is modeling Q1/24 adjusted EBITDA of US$109.5 million (consensus: US$109 million) and adjusted EPS of US$0.96 (consensus US$0.93).

For 2024, RBC's adjusted EBITDA estimate is US$650 million (consensus: US$655 million, guidance mid-point US$655 million) and adjusted EPS is US$6.18 (consensus: US$6.06, guidance mid-point US$6.16).

RBC expects Colliers to provide more detail on its acquisition activities. "We continue to expect acquisitions to be in project management & engineering, loan servicing and investment management, at EBITDA multiples of 10x + for larger platforms and