Cushman & Wakefield plc (NYSE:CWK) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.17 per share.
For the full year, analysts predict revenues of $ 5119.01 million, while looking forward to income of $ 0.76 per share.
Previous Quarter Performance
Cushman & Wakefield plc communicated income for the second quarter of $ 0.19 per share, from the revenue of $ 1,170.00 million. The quarterly earnings decreased 51.28 percent while revenues declined 25.76 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.08 per share from $ 1247.54 million in revenue. The bottom line results beat street analysts by $ 0.11 or 137.50 percent, at the same time, top line results fell short of analysts by $ 77.54 million or 6.22 percent.
Stock Performance
Shares of Cushman & Wakefield plc traded low $ -0.17 or -1.29 percent on Wednesday, reaching $ 13.06 with volume of 583.40 thousand shares. Cushman & Wakefield plc has traded high as $ 13.27 and has cracked $ 12.72 on the downward trend
The closing price of $ 13.06, representing a 93.42 % increase from the 52 week low of $ 6.84 and a 36.39 % decrease over the 52 week high of $ 20.80.
The company has a market capital of $ 2.88 billion and is part of the Real Estate sector and Real Estate Services industry.
Recent Analyst recommendations
- On 18th September 2020, initiated by Raymond James at Outperform rating, with $ 18.00 target price.
- On 17th September 2020, initiated by Raymond James at Outperform rating, with $ 18.00 target price.
Conference Call
Cushman & Wakefield plc will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cushmanwakefield.com
Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services. The company also provides owner representation and tenant representation leasing services; capital market services, such as investment sales and equity, and debt and structured financing for real estate purchase and sales transactions; and appraisal management, investment management, valuation advisory, portfolio advisory, diligence advisory, dispute analysis and litigation support, financial reporting, and property and/or portfolio valuation services on real estate debt and equity decisions.
