Cushman & Wakefield (CWK) This autumn Earnings: What To Anticipate
Actual property providers agency Cushman & Wakefield (NYSE:CWK)
might be saying earnings outcomes tomorrow after the bell. Here is what buyers ought to know.
Final quarter Cushman & Wakefield reported revenues of $2.29 billion, down 9.1% yr on yr, lacking analyst expectations by 1.8%. It was a weak quarter for the corporate, with a miss of analysts’ earnings estimates.
Is Cushman & Wakefield purchase or promote heading into the earnings? Discover out by studying the unique article on StockStory.
This quarter analysts predict Cushman & Wakefield’s income to say no 8.1% yr on yr to $2.43 billion, an extra deceleration on the 8.2% year-over-year lower in income the corporate had recorded in the identical quarter final yr. Adjusted earnings are anticipated to come back in at $0.40 per share.
The analysts masking the corporate have been rising more and more bearish in regards to the enterprise heading into the earnings, with income estimates seeing two downward revisions over the past thirty days. The corporate solely missed Wall St’s income estimates as soon as over the past two years, and has on common exceeded high line expectations by 6.1%.
Taking a look at Cushman & Wakefield’s friends within the client discretionary phase, a few of them have already reported This autumn earnings outcomes, giving us a touch of what we will anticipate. Anyplace Actual Property’s revenues decreased 5.5% yr on yr, lacking analyst estimates by 2.1% and Opendoor (NASDAQ:) reported income decline of 69.5% yr on yr, exceeding estimates by 5.1%. Anyplace Actual Property traded down 1% on the outcomes, and Opendoor was down 3%.
Learn the complete evaluation of Anyplace Actual Property’s and Opendoor’s outcomes on StockStory.
Traders within the client discretionary phase have had regular palms going into the earnings, with the shares down on common 0.1% over the past month. Cushman & Wakefield is up 12.6% throughout the identical time, and is heading into the earnings with analyst value goal of $11.9, in comparison with share value of $11.5.
