Cushman & Wakefield Q1 adjusted EPS beats estmates, revenue hits record

Cushman & Wakefield

07/05/2026 12:09

Overview

Commercial real estate services firm's Q1 revenue rose 11% yr/yr to record high

Adjusted EPS and adjusted net income beat analyst expectations for Q1

Adjusted EBITDA and operating income for Q1 missed analyst expectations

Outlook

Company did not provide specific guidance for current or future quarters

Result Drivers

LEASING GROWTH - Leasing revenue rose 19%, driven by growth in the Americas across all deal sizes and continued strength in office and industrial leasing, including data centers

SERVICES MOMENTUM - Services revenue grew 9%, led by higher facilities management and project management revenue, including expansion of existing client mandates and gains in EMEA and APAC

CAPITAL MARKETS STRENGTH - Capital markets revenue increased 15%, reflecting solid performance in the Americas, particularly in the office sector, and ongoing investments in hiring and platform enhancements

Company press release: ID:nBw89zzr1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$2.54 bln
Q1 Adjusted EPS
Beat
$0.15
$0.13 (10 Analysts)
Q1 EPS
-$0.05
Q1 Adjusted Net Income
Beat
$34.70 mln
$29.69 mln (6 Analysts)
Q1 Net Income
-$12.60 mln
Q1 Adjusted EBITDA
Miss
$111.30 mln
$114.55 mln (7 Analysts)
Q1 Operating income
Miss
$58.70 mln
$83.05 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "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 Ltd is $18.00, about 24.5% above its May 6 closing price of $14.46

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)