Cushman & Wakefield Earnings: What To Look For From CWK

StockStory
02-19
Cushman & Wakefield Earnings: What To Look For From CWK

Real estate services firm Cushman & Wakefield (NYSE:CWK) will be announcing earnings results tomorrow before the bell. Here’s what to look for.

Cushman & Wakefield met analysts’ revenue expectations last quarter, reporting revenues of $2.34 billion, up 2.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a miss of analysts’ Leasing revenue estimates.

Is Cushman & Wakefield a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Cushman & Wakefield’s revenue to grow 3.9% year on year to $2.65 billion, a reversal from the 3.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cushman & Wakefield has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Cushman & Wakefield’s peers in the real estate services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Marcus & Millichap delivered year-on-year revenue growth of 44.4%, beating analysts’ expectations by 20.2%, and JLL reported revenues up 15.8%, topping estimates by 1.4%. Marcus & Millichap traded up 5.4% following the results.

Read our full analysis of Marcus & Millichap’s results here and JLL’s results here.

Investors in the real estate services segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Cushman & Wakefield is down 2.4% during the same time and is heading into earnings with an average analyst price target of $15.44 (compared to the current share price of $13.34).

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