Cushman & Wakefield PLC reports results for the quarter ended in September 30 - Earnings Summary

Cushman & Wakefield

05/11/2024 08:00

* Cushman & Wakefield PLC  CWK.N  reported quarterly
adjusted
earnings of 23 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 21 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 21 cents per
share. Wall Street expected results to range from 15 cents to 27
cents per share.
    * Revenue rose 47.6% to $2.34 billion from a year ago;
analysts
expected $2.39 billion. 
    * Cushman & Wakefield PLC's reported EPS for the quarter was
14
cents​.
    * The company reported quarterly net income of $33.7
million.
    * Cushman & Wakefield PLC shares had fallen by 3.6% this
quarter and gained 21.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, four 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 14.00 
This summary was machine generated from LSEG data November 5 at
08:00 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
 Sep. 30 2024      0.21           0.23           Beat
 Jun. 30 2024      0.19           0.20           Beat
 Mar. 31 2024      -0.03          0.00           Beat
 Dec. 31 2023      0.40           0.45           Beat