Cushman & Wakefield PLC CWK.N reported quarterly adjusted earnings of 30 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of nine analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 18 cents to 24 cents per share.
Revenue rose 8.6% to $2.48 billion from a year ago; analysts expected $2.38 billion.
Cushman & Wakefield PLC's reported EPS for the quarter was 25 cents.
The company reported quarterly net income of $57.3 million.
Cushman & Wakefield PLC shares had risen by 11.3% this quarter and lost 5.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 5.8% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
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 last closing price of $12.32
This summary was machine generated from LSEG data August 5 at 01:32 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)