Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cushman & Wakefield (CWK)
NYSE:CWK
Holding CWK?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.47Last Year’s EPS
$0.45Same Quarter Last Year
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -0.38%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for Cushman & Wakefield, highlighted by strong leasing growth, strategic debt reduction, and a recovering Capital markets segment. However, challenges remain with declines in adjusted EBITDA and specific regional weaknesses in EMEA and APAC. Overall, the positives from growth initiatives and financial improvements outweigh the negatives, indicating a favorable sentiment.Company Guidance
During the Cushman & Wakefield Q3 2024 earnings call, several key metrics were highlighted, reflecting the company's strong performance and strategic focus. The company achieved a 3% year-over-year increase in fee revenue, with leasing revenue marking its fourth consecutive quarter of growth and reaching its highest level since Q2 2022. Capital markets in the Americas grew for the first time since Q2 2022, with anticipated fourth-quarter revenue growth of approximately 20%. Adjusted EBITDA was reported at $143 million, a 5% decline due to a recent divestiture and higher compensation costs, yet adjusted EPS increased by $0.02 to $0.23. Free cash flow for the quarter was $187 million, contributing to a year-over-year improvement of $146 million. The company also successfully reduced its leverage by fully extinguishing $200 million of 2025 debt maturities and repriced $1 billion of term loan debt, lowering the interest rate by 50 basis points. Looking ahead, Cushman & Wakefield aims for mid-single-digit growth in leasing revenue for 2024, with a continued focus on deleveraging and strategic reinvestment to propel future growth.Leasing Revenue Growth
Leasing revenue increased for the fourth consecutive quarter, with a 13% increase in the third quarter. Americas Leasing was up 16%, and APAC Leasing grew 13%.
Debt Reduction Milestone
Fully extinguished roughly $200 million in 2025 debt maturities 6 months ahead of schedule, solidifying the balance sheet.
Capital Markets Recovery
First quarter of Capital markets growth in the Americas since Q2 2022, with revenue up 2%. Expected 20% revenue growth in Capital markets for Q4.
Free Cash Flow Improvement
Free cash flow for the quarter was $187 million, an increase of $13 million from the previous year, with year-to-date free cash flow improving by $146 million.
Adjusted EPS Increase
Adjusted EPS of $0.23, $0.02 higher than last year, benefiting from interest and tax savings.
---
CWK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CWK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $13.14 | $15.17 | +15.45% |
| Jul 29, 2024 | $13.31 | $12.83 | -3.61% |
| Apr 29, 2024 | $9.91 | $9.65 | -2.62% |
| Feb 20, 2024 | $11.14 | $10.00 | -10.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Cushman & Wakefield (CWK) report earnings?
Cushman & Wakefield (CWK) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Cushman & Wakefield (CWK) earnings time?
Cushman & Wakefield (CWK) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWK EPS forecast?
CWK EPS forecast for the fiscal quarter 2024 (Q4) is $0.47.
---