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

Cushman & Wakefield

05/05/2023 19:15

* Cushman & Wakefield PLC  CWK.N  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended in March. The
mean expectation of eight analysts for the quarter was
for earnings of 20 cents per share.
    * Revenue rose 31.9% to $2.25 billion from a year ago;
analysts
expected $1.75 billion. 
    * Cushman & Wakefield PLC's reported EPS for the quarter was
a
loss of 34 cents​.
    * The mean earnings estimate of analysts had fallen by
about 33.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Cushman & Wakefield PLC shares had fallen by 15.2% this
quarter and lost 28.3% so far this year.
    * The company reported a quarterly loss of $76.4 million.
    * Wall Street's median 12-month price target for Cushman &
Wakefield PLC is $15.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 06:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.20           -0.04          Missed
 Dec. 31 2022      0.45           0.46           Beat
 Sep. 30 2022      0.54           0.43           Missed
 Jun. 30 2022      0.54           0.63           Beat