GET DAILY SIGNALSColliers International Group (CIGI) Delivers +20% Adjusted EPS Growth but Trims 2026 Outlook
Key Takeaways
- Colliers International Group reported adjusted earnings per share (EPS) of $1.97, up 20% year over year and slightly above the consensus estimate of roughly $1.94–$1.95.
- Revenue reached $1.64 billion, up 12% from a year earlier, but came in below the roughly $1.68 billion consensus forecast.
- Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 14% to $219 million.
- Management trimmed its full-year 2026 outlook to low-teens growth, down from prior mid-teens growth expectations.
- Reported (GAAP) net income fell sharply, largely reflecting higher acquisition-related contingent consideration charges.
- For more detail on Colliers International Group, explore its Major News, Today's Price Move, Price Targets, and Forecast on Tickeron's dedicated pages.
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Earnings Context and Why It Matters
Colliers International Group operates across three global platforms: commercial real estate, engineering, and investment management. Its third-quarter results matter because they test whether the company's diversified, roughly 70% recurring-earnings base can keep growing even as transaction markets soften. Heading into the report, investors were watching how interest rate volatility and geopolitical tension were affecting capital markets activity, particularly in Europe. The quarter also marked the first full quarter of contribution from the Ayesa engineering acquisition, making the segment's performance a key signal for the integration's momentum and for management's broader acquisition-driven growth strategy. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Reported Results
Colliers reported third-quarter 2026 consolidated revenues of $1.64 billion, up 12% year over year, while net revenues increased 13% to $1.4 billion. Adjusted EBITDA climbed 14% to $219 million, and adjusted EPS rose 20% to $1.97, modestly ahead of analyst expectations. However, revenue fell short of the consensus estimate of about $1.68 billion.
By segment, commercial real estate net revenue increased 6%, with capital markets revenue up 9% before a late-quarter slowdown in transaction velocity. Engineering net revenue jumped 37%, aided by the Ayesa acquisition and solid internal growth, with an engineering backlog of just over 12 months as of September 30. Investment management net revenue rose 8%, while assets under management (AUM) reached $110.5 billion, up 2% year over year.
On a GAAP basis, net income declined to $7 million, or 14 cents per share, from $42.2 million, or 82 cents per share, a year earlier, driven largely by higher acquisition-related contingent consideration charges. Management also revised its full-year 2026 outlook, now expecting low-teens growth in revenue, adjusted EBITDA, and adjusted EPS, down from mid-teens growth previously. When reviewing these figures, I cross-checked the segment trends with Tickeron’s AI Trend Prediction Engine for additional context on the engineering momentum.
Market Reaction and Investor Sentiment
Investors responded cautiously to the mixed results. Despite the small earnings beat, shares slipped in early trading as attention turned to the revenue miss and the reduction in full-year guidance. Sentiment was also tempered by management's description of slowing transaction velocity late in the quarter, which it attributed to geopolitical uncertainty and interest rate volatility rather than any fundamental weakness in the business. The market appeared to weigh the more conservative fourth-quarter outlook and softer capital markets expectations more heavily than the year-over-year growth in adjusted earnings and EBITDA.
Forward Outlook and Key Factors to Monitor
Management's reduced outlook signals that near-term growth will lean on recurring revenue and the engineering segment while transactional capital markets activity remains uncertain. Executives emphasized that deals are being delayed rather than cancelled, concentrated in Europe and Australia, and that pipelines remain intact for the fourth quarter.
Investors will want to watch whether transaction volumes stabilize as interest rate expectations settle, and whether capital markets growth in the Americas and EMEA holds up. In investment management, the pace of capital deployment is a key variable, since slower deployment is pushing some management fee revenue into 2027 even though fundraising remains strong.
Balance-sheet progress is another focal point. Colliers expects its leverage ratio to end 2026 at or below 2.5 times, and reported trailing 12-month free cash flow of $428 million, or 118% of adjusted net earnings. Looking further ahead, management noted that acquisitions completed in 2026 should add roughly 5% to revenue and about 7% to adjusted EBITDA in 2027, though formal 2027 guidance will not arrive until February.
Using Tickeron’s AI Tools for Research
In my own work, I frequently turn to Tickeron’s AI Screener when analyzing real estate and professional services names like CIGI. The tool lets me apply filters for technical patterns, fundamentals, and AI signals to quickly surface comparable setups and monitor how the company stacks up against peers. It has become a regular part of my process for staying on top of shifting market conditions without spending hours on manual screens.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
CIGI in +8.62% Uptrend, growing for three consecutive days on November 02, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CIGI advanced for three days, in 197 of 295 cases, the price rose further within the following month. The odds of a continued upward trend are 67%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 16, 2026. You may want to consider a long position or call options on CIGI as a result. In 41 of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 59%.
The Moving Average Convergence Divergence (MACD) for CIGI just turned positive on October 15, 2026. Looking at past instances where CIGI's MACD turned positive, the stock continued to rise in 30 of 47 cases over the following month. The odds of a continued upward trend are 64%.
CIGI moved above its 50-day moving average on October 29, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CIGI crossed bullishly above the 50-day moving average on October 30, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 60%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CIGI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
CIGI broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for CIGI entered a downward trend on October 19, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 47 (best 1 - 100 worst), indicating steady price growth. CIGI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 78 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 78 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 91 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.414) is normal, around the industry mean (2.123). P/E Ratio (48.642) is within average values for comparable stocks, (53.467). Projected Growth (PEG Ratio) (1.580) is also within normal values, averaging (0.683). Dividend Yield (0.006) settles around the average of (0.107) among similar stocks. P/S Ratio (0.770) is also within normal values, averaging (5.807).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CIGI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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General Information
a real estate investment trust
Industry RealEstateDevelopment
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