Overview
Cushman & Wakefield Q3 revenue rises 11%, driven by strong performance in the Americas
Adjusted EPS for Q3 beats analyst expectations, reflecting effective cost management
Company prepaid $100 mln in term loan debt, focusing on reducing leverage
Outlook
Cushman & Wakefield raises full-year 2025 adjusted EPS growth guidance to 30%-35%
Result Drivers
CAPITAL MARKETS - Strong performance across asset classes in the Americas drove 21% revenue growth
SERVICES REVENUE - Growth driven by higher facilities services and project management revenue
DEBT MANAGEMENT - Prepaid $100 mln in term loan debt to reduce leverage
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$2.60 bln
Q3 Adjusted EPS
Beat
$0.29
$0.27 (7 Analysts)
Q3 EPS
$0.22
Q3 Adjusted Net Income
Beat
$68.10 mln
$60.80 mln (5 Analysts)
Q3 Net Income
$51.40 mln
Q3 Adjusted EBITDA
Beat
$159.60 mln
$153.50 mln (5 Analysts)
Q3 Operating income
Miss
$107.50 mln
$122.10 mln (4 Analysts)
Q3 Adjusted EBITDA Margin
9%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "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 PLC is $16.50, about 0.2% below its October 29 closing price of $16.53
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nBw9wnsBva
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)