Cushman & Wakefield PLC reports results for the quarter ended in December - Earnings Summary

Cushman & Wakefield

21/02/2024 10:45

* Cushman & Wakefield PLC  CWK.N  reported quarterly
adjusted
earnings of 45 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 46 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 32 cents to 46
cents per share.
    * Revenue rose 38% to $2.55 billion from a year ago;
analysts
expected $2.43 billion. 
    * Cushman & Wakefield PLC's reported EPS for the quarter was
31
cents​.
    * The company reported quarterly net income of $69.8
million.
    * Cushman & Wakefield PLC shares had risen by 3.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "buy"

Wall Street's median 12-month price target for Cushman &
Wakefield PLC is $10.50 
This summary was machine generated from LSEG data February 21 at
10:45 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.40           0.45           Beat
 Sep. 30 2023      0.21           0.21           Met
 Jun. 30 2023      0.17           0.22           Beat
 Mar. 31 2023      0.20           -0.04          Missed