CWK Earnings Prediction
The chart below shows how CWK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CWK sees a +0.14% change in stock price 10 days leading up to the earnings, and a -0.31% change 10 days following the report. On the earnings day itself, the stock moves by -1.04%. This data can give you a slight idea of what to expect for the next quarter's release.
CWK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.34B
2.55%
2.46%
Gross Margin
17.21%
7.03%
3.05%
Operating Margin
3.43%
17.47%
-16.95%
Net Margin
1.44%
197.30%
144.07%
EPS
0.14
193.33%
133.33%
No Data Available
CWK Earnings Analysis
Cushman & Wakefield plc Ordinary Shares Corporation (CWK.N) Earnings Conference Call
Positive
Leasing Growth Momentum: The third quarter marks our fourth consecutive quarter of year-over-year leasing growth and our highest leasing growth since Q2 2022.
Capital Markets Growth Q1: We have also reported the first quarter of Capital Markets growth in the Americas since the second quarter of 2022.
Capital Markets Optimism: We are seeing a broadening of Capital Markets activities in the market and increased optimism among buyers and sellers.
Leasing and Capital Markets Growth: Leasing revenue increased for the fourth consecutive quarter, and we experienced positive Capital Markets revenue growth in the Americas for the first time since the second quarter of 2022.
Adjusted EBITDA Increase: On a year-to-date basis, adjusted EBITDA of $360 million is up 1% versus last year.
Negative
Adjusted EBITDA Decline: Adjusted EBITDA of $143 million declined 5%, primarily driven by the impact of our recent service divestiture, as well as roughly $20 million in higher compensation costs compared to the prior year.
Capital Markets Performance Update: In the third quarter, we reported the first quarter of Capital Markets growth in the Americas since the second quarter of 2022, but EMEA Capital Markets revenue declined 5%, as the market continues to experience some lumpiness on the road to recovery.
Leasing Revenue Growth Challenges: Leasing revenue increased for the fourth consecutive quarter, but we experienced some delays in project management, which has slowed down our growth in that area.
Adjusted EPS Improvement: Adjusted EPS of $0.23 is $0.02 higher than last year, benefiting from interest and tax savings, but overall growth remains constrained due to market conditions.
Project Management Delays: We have seen some delays in building outs, particularly in the office space, which has impacted our project management side of the business.
CWK FAQs
How does CWK typically perform around its earnings report dates?
Is Cushman & Wakefield plc (CWK) Q3 2024 Earnings Call Summary positive or negative?
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CWK Earning Call Sentiment
Cushman & Wakefield plc (CWK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CWK.N
1.17%Positive
The earnings call summary presents a mixed outlook. While there are positive aspects such as debt reduction, free cash flow improvement, and some revenue growth, there are also concerns like declining EMEA and APAC revenues and increased expenses. The Q&A section reveals optimism for future growth but lacks clarity on achieving it. The market cap suggests moderate sensitivity to these factors. Overall, the balance of positive and negative elements leads to a neutral prediction for the stock price movement over the next two weeks.
