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  • Why Buy This Real Estate Giant, CBRE (CBG)? 0 comments
    Feb 22, 2013 8:28 PM | about stocks: CBG

    CBRE Group (NYSE:CBG) was up over 8% following its earnings announcement. The run comes after the real estate servicing company upped its guidance for 2013, now expecting to generate $1.40 to $1.45 of earnings per share, compared to analysts' estimates of $1.38. But is there still room for the stock to move higher? Given the company's leading market share, it appears so. After missing 3Q earnings estimates by over 20%, the 12% beat was a pleasant surprise. This helped lift full year 2012 earnings to $1.22 per share, compared to $1.03 in 2011.

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    Themes: Real estate Stocks: CBG
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