Cushman & Wakefield Results: What to Look for in CWK

Real estate services company Cushman & Wakefield (NYSE:CWK) is set to report earnings tomorrow afternoon. Here’s what to expect.

Cushman & Wakefield met analyst revenue expectations in the latest quarter, reporting revenue of $2.18 billion, down 2.9% year over year. It was a very strong quarter for the company, with an impressive beat on analyst earnings estimates.

Is Cushman & Wakefield a Buy or Sell in terms of Earnings? Read our full analysis here, it’s free.

Analysts are expecting Cushman & Wakefield’s revenue for the quarter to fall 2% year over year to $2.36 billion, an improvement from the 7.9% decline in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

Analysts covering the company have generally reaffirmed their estimates over the past 30 days, suggesting they expect the company to maintain its earnings trajectory. Cushman & Wakefield has missed Wall Street revenue estimates only once over the past two years, beating revenue expectations by an average of 4.7%.

Looking at Cushman & Wakefield’s competitors in the consumer discretionary segment, some have already announced second-quarter results, giving us a hint of what to expect. CBRE reported year-over-year revenue growth of 8.7%, meeting analyst expectations, while Royal Caribbean reported revenue growth of 16.7%, beating estimates by 1.6%. CBRE saw revenue rise 12.5% ​​after the results, while Royal Caribbean fell 6.7%.

Read our full analysis of CBRE’s results here and Royal Caribbean’s results here.

There’s a positive sentiment among investors in the consumer discretionary segment, with shares up an average of 10.9% over the past month. Cushman & Wakefield is up 34.3% over the same period and is headed for earnings results with an average analyst price target of $13.3 (compared to the current share price of $13.5).

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