Cushman & Wakefield Q4 revenue up 11%; EPS meets estimates

Cushman & Wakefield

19/02/2026 12:12

Overview

Real estate services firm's Q4 revenue grew 11% yr/yr

Adjusted EPS for Q4 met analyst expectations

Company reported net loss due to $177 mln Greystone JV impairment

Outlook

Company notes healthy demand across all major asset classes

Result Drivers

SERVICES REVENUE - Increased 8% in Q4, led by project management in EMEA and APAC

CAPITAL MARKETS - Revenue rose 17% in Q4, driven by office and retail transactions in the Americas and EMEA

GREYSTONE JV IMPAIRMENT - $177 mln impairment loss led to Q4 net loss

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$2.91 bln
Q4 Adjusted EPS
Meet
$0.54
$0.54 (10 Analysts)
Q4 EPS
-$0.10
Q4 Adjusted Net Income
Miss
$127.10 mln
$129.94 mln (5 Analysts)
Q4 Net Income
-$22.40 mln
Q4 Adjusted EBITDA
Slight Beat*
$238.70 mln
$237.63 mln (8 Analysts)
Q4 Operating income
Miss
$176.90 mln
$200.50 mln (5 Analysts)
Q4 Adjusted EBITDA Margin
11.70%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $19.00, about 40.1% above its February 18 closing price of $13.56

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

Press Release: ID:nBw7dS49sa

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(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.)