Colliers International Group's stock plummeted 5.50% during intraday trading on Friday, following the release of its fourth-quarter financial results.
The commercial real estate services company reported adjusted earnings of $2.34 per share for the quarter, which missed analyst consensus estimates. Various reports indicated the miss was against expectations ranging from $2.43 to $2.46 per share. Quarterly revenue of approximately $1.61 billion also came in below analyst forecasts of around $1.63 billion. Furthermore, the company's net income declined to $61.1 million from $75.1 million in the same period a year earlier.
Looking ahead, Colliers provided guidance for 2026, expecting to deliver mid-teens growth in both adjusted earnings per share and revenue on a consolidated basis.