NYSE$CBRE

CBRE Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

CBRE's financial performance was impacted by Covid-19 in Q2 2020, but cushioned by its diverse business mix and early expense reduction moves.

CBRE Group, Inc. reported financial results for the second quarter ended June 30, 2020. The company's performance was impacted by Covid-19, but cushioned by its diverse business mix and early expense reduction moves. Double-digit adjusted EBITDA growth in the Global Workplace Solutions segment demonstrated the resiliency of a business.

  • Covid-19 impacted performance across all business segments.
  • Diverse business mix and contractual businesses provided a cushion.
  • Early expense reduction moves and strengthened financial position helped.
  • Global Workplace Solutions segment showed resilience with double-digit adjusted EBITDA growth.

Headline financials

Total Revenue

$5.38B

Previous: $5.71B-5.8%
EPS (adj)

$0.35

Previous: $0.81-56.8%
Advisory SOP

$133M

Previous: $334M-60.1%
REI SOP

$18.3M

Previous: $30.9M-40.9%
Capital Expenditures

-$134M

Previous: -$101M-33.3%
Free Cash Flow

-$52.3M

Previous: $123M-142.5%
Net Income

$81.9M

Previous: $224M-63.4%
Operating Income

$94.2M

Previous: $284M-66.9%
Gross Profit

$982M

Previous: $1.27B-22.6%
Cash & Equivalents

$1.21B

Previous: $536M+126.7%
Total Assets

$15.7B

Previous: $14.7B+6.7%

Revenue & EPS history

CBRE · Revenue · Quarterly

$5.38B

Q2 2020-5.8%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

CBRE · $1.72B total across 2 segments · Q2 2020

  • Advisory Services
    $1.55B-28.7%
  • Real Estate Investments
    $162M+8.0%

Forward guidance

The company will discuss its expectations for the second half of 2020 on its earnings webcast and conference call, which will be held at 8:30 am Eastern Time today (Friday, July 31, 2020).

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+1.3%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.9%

Avg return

30 days after

59%

41 / 69 earnings

Positive

+14.8%

Q3 2020

Best reaction

-8.8%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-4.3%-14.5%
Q4 2025-8.8%-5.5%-10.5%
Q3 2025+0.1%-2.6%-4.3%
Q2 2025+7.8%+5.0%+10.5%
Q1 2025+0.8%-0.2%-0.8%
Q4 2024+1.8%+2.2%-10.7%
Q3 2024+7.7%+6.3%+10.0%
Q2 2024+12.5%+13.9%+19.1%
Q1 2024-0.5%-0.3%+1.5%
Q4 2023+7.2%+4.7%+7.3%
Q3 2023+1.6%+5.6%+18.9%
Q2 2023-6.7%-6.1%-6.5%
Q1 2023+9.6%+7.4%+8.0%
Q4 2022-1.1%-0.9%-19.9%
Q3 2022-2.6%+0.2%+6.4%
Q2 2022+0.4%-0.3%-7.7%
Q1 2022-5.1%-8.2%-6.6%
Q4 2021+2.7%-0.5%-6.0%
Q3 2021+0.5%-1.4%-5.2%
Q2 2021+6.0%+5.7%+5.1%
Q1 2021+3.1%+3.4%+6.2%
Q4 2020+2.6%+0.7%+1.6%
Q3 2020+14.8%+18.2%+39.2%
Q2 2020-4.4%-1.0%+10.6%
Q1 2020+9.0%-2.5%+41.6%
Q4 2019-1.4%+1.4%-31.1%
Q3 2019-1.9%-0.7%+5.3%
Q2 2019+0.9%-2.7%-1.4%
Q1 2019-2.8%-3.8%-1.5%
Q4 2018+3.4%+4.6%+5.9%
Q3 2018+3.6%+6.3%+8.4%
Q2 2018-0.7%-0.5%-2.1%
Q1 2018+0.3%+1.0%+0.6%
Q4 2017-1.5%+3.8%+11.9%
Q3 2017+3.9%+4.6%+10.2%
Q2 2017-1.9%-1.6%-7.8%
Q1 2017+3.6%+4.1%-0.5%
Q4 2016+9.2%+12.3%+15.3%
Q3 2016-6.7%-7.0%+5.8%
Q2 2016-1.4%-1.9%+2.7%
Q1 2016-3.2%
Q4 2015+0.3%
Q3 2015+8.9%
Q2 2015-0.4%
Q1 2015-0.8%
Q4 2014+3.3%
Q3 2014+1.3%
Q2 2014-4.0%
Q1 2014+9.9%
Q4 2013-3.5%
Q3 2013+0.3%
Q2 2013-2.4%
Q1 2013-1.7%
Q4 2012+8.7%
Q3 2012-1.3%
Q2 2012+2.6%
Q1 2012+3.7%
Q4 2011+3.1%
Q3 2011-5.8%
Q2 2011+1.0%
Q1 2010-2.7%
Q1 2011+2.4%
Q4 2008-1.8%
Q4 2010-1.8%
Q3 2009+1.5%
Q3 2010+1.5%
Q2 2009+1.8%
Q2 2010+1.8%
Q4 2009+1.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro