Commercial real estate services provider Cushman & Wakefield's Q2 profit beats estimates

Cushman & Wakefield

05/08/2025 12:47

Overview

Cushman & Wakefield Q2 revenue grows 9% yr/yr to $2.5 bln

Adjusted EPS beats analyst expectations, reflecting strategic initiatives

Co announces $150 mln term loan debt repayment, fortifying balance sheet

Outlook

Cushman & Wakefield raises full-year earnings per share outlook

Result Drivers

CAPITAL MARKETS - Revenue increased 27%, driven by strong performance across asset classes in the Americas

LEASING REVENUE - Increased 8%, supported by strength in office and industrial sectors in the Americas and EMEA

SERVICES REVENUE - Organic growth of 6%, excluding impact of non-core business sale

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$2.48 bln
Q2 Adjusted EPS
Beat
$0.3
$0.22 (9 Analysts)
Q2 EPS
$0.25
Q2 Adjusted Net Income
Beat
$69.50 mln
$45.70 mln (7 Analysts)
Q2 Net Income
$57.30 mln
Q2 Adjusted EBITDA
Beat
$161.70 mln
$141.90 mln (7 Analysts)
Q2 Operating income
Beat
$122.80 mln
$107.90 mln (5 Analysts)
Q2 Adjusted EBITDA Margin
9.5%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy."

Wall Street's median 12-month price target for Cushman & Wakefield PLC is $12.00, about 2.7% below its August 4 closing price of $12.32

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBwWnQc4a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)