Cushman & Wakefield (CWK) Q4 Earnings Report Preview: What To Look For

Real estate services firm Cushman & Wakefield (NYSE:CWK) will be announcing earnings results this Thursday before market hours. Here’s what to expect.

Cushman & Wakefield beat analysts’ revenue expectations by 7.9% last quarter, reporting revenues of $2.61 billion, up 11.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

Is Cushman & Wakefield a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Cushman & Wakefield’s revenue to grow 4.4% year on year to $2.75 billion, improving from the 3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.54 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cushman & Wakefield has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Cushman & Wakefield’s peers in the consumer discretionary - real estate services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Marcus & Millichap delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 6.3%, and Zillow reported revenues up 18.1%, topping estimates by 0.5%. Marcus & Millichap traded up 3.4% following the results while Zillow was down 17.1%.

Read our full analysis of Marcus & Millichap’s results here and Zillow’s results here.

Investors in the consumer discretionary - real estate services segment have had steady hands going into earnings, with share prices flat over the last month. Cushman & Wakefield is down 25.5% during the same time and is heading into earnings with an average analyst price target of $18.45 (compared to the current share price of $12.34).

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