Canada's Colliers misses Q3 revenue estimates, cuts outlook
CIGI•CIGI•CIGI•CIGI•Colliers' Q3 revenue rose 12% year over year to $1.64 billion, below the $1.68 billion estimate, while adjusted EPS of $1.97 beat the $1.95 estimate. The company lowered its 2026 growth outlook for revenue, adjusted EBITDA and adjusted EPS to the low teens from the mid teens.
Colliers reported Q3 revenue of $1.64 billion, up 12% year over year but below analyst expectations of $1.68 billion. Adjusted EPS rose 20% to $1.97, beating the $1.95 estimate.
The company revised its 2026 outlook for revenue, adjusted EBITDA and adjusted EPS to low teens growth, from mid teens growth previously. It cited geopolitical uncertainty and interest rate volatility; the outlook excludes any impact from further acquisitions.
Engineering revenue rose 33%, driven by recent acquisitions and internal growth. Capital Markets revenue increased 9%, while Investment Management revenue rose 6%; its adjusted EBITDA declined amid continued investments in people, capabilities and integration.
