Colliers reported adjusted earnings of C$1.97 per share, beating the C$1.94 estimate by 1.5%. Revenue grew from a year earlier but fell short of expectations.
Colliers International Group reported results for the quarter ended September 30, 2026, before markets opened on November 4. Revenue reached US$1.64 billion, up 11.9% year over year but 2.28% below the US$1.68 billion Zacks consensus cited in company coverage. For Canadian investors, the results were mixed: earnings edged past expectations, while revenue missed. Visit the CIGI.TO stock page for more company and market information.
Recent earnings trend
Colliers International Group Inc Bats
CIGI.TO
CIGI.TO
Colliers International Group Inc Bats
WealthAwesomeMarket cap
$6.84B
P/E
68.0x
Div. yield
0.11%
Div. / share
$0.15
52W high
$214.48
52W low
$118.92
1W change
-7.63%
Beta
1.22
Analyst Price Targets
Based on analyst covering CIGI · as of Nov 9, 2026
Wall Street analysts forecast CIGI stock price to rise 111.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$202.19
+111.3% Upside
Previously C$199.85 on Nov 6, 2026
Current Price
C$95.69
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CIGI's historical volatility
30-Day Vol
38.7%
Annualized
90-Day Vol
37.5%
Annualized
Trend (90d)
-36.4%
Annualized drift
90d Mean
C$118.51
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$129.25 | C$113.09 – C$147.72 |
| 60 trading days | C$123.77 | C$102.47 – C$149.49 |
| 90 trading days | C$118.51 | C$94.04 – C$149.35 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-12 | — | 2.6800 | — |
| 2026-09-30 | 2026-11-04 | 1.9700 | 1.9400 | +1.5% |
| 2026-06-30 | 2026-07-30 | 1.8300 | 1.8100 | +1.1% |
| 2026-03-31 | 2026-05-05 | 0.9100 | 0.9300 | -2.2% |
| 2025-12-31 | 2026-02-13 | 2.3400 | 2.4500 | -4.5% |
| 2025-09-30 | 2025-11-04 | 1.6400 | 1.5700 | +4.5% |
Investor takeaway: Colliers delivered a modest earnings beat, not a broad win against estimates. Revenue grew, led by Commercial Real Estate, but the company’s reported revenue and supplied segment figures came in below expectations. Colliers operates in real estate services, engineering and investment management, so investors will want to watch both transaction-driven activity and recurring fees. The supplied fundamentals show a P/E of about 68 and a dividend yield of 0.11%, making valuation and the durability of earnings worth watching.
US$1.64 billion in quarterly revenue
Revenue rose 11.9% from a year earlier but came in 2.28% below the US$1.68 billion Zacks consensus cited in coverage. Adjusted EPS beat its C$1.94 estimate by C$0.03.
Bull case
Adjusted EPS increased to C$1.97 from C$1.64 a year earlier, and revenue grew 11.9%. Commercial Real Estate revenue rose 18.6%, while Investment Management revenue increased 6.4%. Analysts’ calendar estimates for next quarter point to further growth: EPS of C$2.01, up 22.5% from a year earlier, and revenue of US$1.69 billion, up 15.6%.
Bear case
Revenue missed the cited consensus. Commercial Real Estate, Engineering and Investment Management revenue also fell short of the supplied estimates, as did adjusted EBITDA in all three segments. Colliers has beaten EPS estimates in two of its last four reported quarters, so this result doesn’t show a consistent pattern of beats. The shares are also below their 200-day moving average, and the supplied P/E is high.
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