Parameter estimation is a problem of interest when designing new remote sensing instruments, and the corresponding lower performance bounds are a key tool to assess the performance of new estimators. In global navigation satellite systems reflectometry (GNSS-R), a noncoherent averaging is applied to reduce speckle and thermal noise, and subsequently the parameters of interest are estimated from the resulting waveform. This approach has been long regarded as suboptimal with respect to the optimal coherent one, which is true in terms of detection capabilities, but no analysis exists on the corresponding parameter estimation performance exploiting GNSS signals. First, we show that for certain signal models, both coherent and noncoherent Cramér–Rao bounds are equivalent, and therefore, any maximum likelihood estimation coherent/noncoherent combination scheme is efficient (optimal) at high signal-to-noise ratios. This is validated for an illustrative GNSS-R estimation problem. In addition, it is shown that considering the joint delay/Doppler/phase estimation problem, the noncoherent performance for the delay is still optimal, which is of practical importance for instance in altimetry applications.