Colliers International Group posted a modest earnings beat in its latest quarter, but revenue fell short of estimates. Growth also varied across its real estate, engineering and investment management businesses.
Colliers International Group (TSX: CIGI) reported third-quarter 2026 results before markets opened on November 4. For the quarter ended September 30, adjusted earnings per share were C$1.97, 1.55% above the C$1.94 estimate and up from C$1.64 a year earlier. Revenue rose 11.9% year over year to US$1.64 billion, below the US$1.68-billion consensus estimate. The company continued to grow, but the revenue miss and mixed segment results put the earnings beat in perspective. Canadian investors can follow CIGI.TO on the CIGI stock page.
Recent earnings trend
Colliers International Group Inc Bats
CIGI.TO
CIGI.TO
Colliers International Group Inc Bats
WealthAwesomeMarket cap
$6.90B
P/E
68.5x
Div. yield
0.11%
Div. / share
$0.15
52W high
$212.59
52W low
$118.92
1W change
-4.57%
Beta
1.22
Analyst Price Targets
Based on analyst covering CIGI · as of Nov 11, 2026
Wall Street analysts forecast CIGI stock price to rise 42.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$187.08
+42.7% Upside
Previously C$202.19 on Nov 9, 2026
Current Price
C$131.10
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
39.8%
Annualized
90-Day Vol
37.8%
Annualized
Trend (90d)
-37.3%
Annualized drift
90d Mean
C$114.74
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$125.40 | C$109.32 – C$143.86 |
| 60 trading days | C$119.96 | C$98.79 – C$145.66 |
| 90 trading days | C$114.74 | C$90.46 – C$145.54 |
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 | — | 2.6600 | — |
| 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: The earnings beat was narrow, revenue missed estimates, and results varied by segment. Commercial real estate revenue grew strongly but fell short of estimates. Engineering and investment management revenue also missed their respective estimates. The quarter shows continued growth, but not a broad-based acceleration.
C$1.97 EPS, 1.55% above estimate
Adjusted earnings per share came in at C$1.97, above the C$1.94 estimate. But revenue of US$1.64 billion missed the US$1.68-billion consensus. That makes this a modest earnings beat, not a win across the board.
Bull case
EPS rose to C$1.97 from C$1.64 a year earlier. Commercial real estate revenue increased 18.6% to US$994.79 million. Engineering revenue grew 2% to US$497.64 million, while investment management revenue rose 6.4% to US$145.03 million. Colliers operates across real estate services, engineering and investment management, giving investors exposure to several parts of the property market.
Bear case
Revenue missed the cited consensus by 2.28%, and revenue in all three reported business segments came in below estimates. Adjusted EBITDA also fell short of estimates in commercial real estate, engineering and investment management. Valuation is another factor to consider: the supplied snapshot shows a P/E of about 68.5, while profit margin was 1.18%.
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