Stock Analysis
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- NYSE:CWK
Cushman & Wakefield First Quarter 2024 Earnings: EPS Misses Expectations
Cushman & Wakefield (NYSE:CWK) First Quarter 2024 Results
Key Financial Results
- Revenue: US$2.18b (down 2.9% from 1Q 2023).
- Net loss: US$28.8m (loss narrowed by 62% from 1Q 2023).
- US$0.13 loss per share (improved from US$0.34 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cushman & Wakefield EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Cushman & Wakefield is showing 4 warning signs in our investment analysis and 1 of those is a bit concerning...
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About NYSE:CWK
Cushman & Wakefield
Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally.
Good value with moderate growth potential.