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

Cushman & Wakefield

29/07/2024 22:56

* Cushman & Wakefield PLC  CWK.N  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 22 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 8 cents to 23 cents per share.
    * Revenue rose 40.1% to $2.29 billion from a year ago;
analysts
expected $2.37 billion. 
    * Cushman & Wakefield PLC's reported EPS for the quarter was
6
cents​.
    * The company reported quarterly net income of $13.5
million.
    * Cushman & Wakefield PLC shares had risen by 30.2% this
quarter and gained 25.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"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 $12.00 
This summary was machine generated from LSEG data July 29 at
09:55 p.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
 Jun. 30 2024      0.19           0.20           Beat
 Mar. 31 2024      -0.03          0.00           Beat
 Dec. 31 2023      0.40           0.45           Beat
 Sep. 30 2023      0.21           0.21           Met