Cushman & Wakefield Earnings: What To Look For From CWK

StockStory
19 Feb
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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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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