Cushman & Wakefield Third Quarter 2024 Earnings: Misses Expectations

Cushman & Wakefield (NYSE:CWK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.34b (up 2.5% from 3Q 2023).
• Net income: US$33.7m (up from US$33.9m loss in 3Q 2023).
• Profit margin: 1.4% (up from net loss in 3Q 2023).
• EPS: US$0.15 (up from US$0.15 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cushman & Wakefield Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 6.8%.

Looking ahead, revenue is forecast to grow 5.6% 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 shares are up 15% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Cushman & Wakefield (of which 1 is concerning!) you should know about.

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