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Cushman & Wakefield (CWK)
:CWK
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -10.60%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call depicted a company experiencing strong momentum in capital markets and leasing revenue growth, supported by strategic investments in talent and a solid balance sheet. However, some challenges remain in certain regions and service lines, with notable declines in China and EMEA leasing. Overall, the positive aspects slightly outweighed the negatives, indicating optimism for future growth.Company Guidance
During Cushman & Wakefield's Fourth Quarter 2024 Earnings Conference Call, the company provided optimistic guidance for 2025. They reported a 1% increase in fee revenue to $6.6 billion and a 3% growth in adjusted EBITDA to $582 million for 2024, with an improved EBITDA margin of 8.8%. The company anticipates continued growth, fueled by investments in talent and platform expansion, aiming for mid-single-digit growth in services by midyear 2025. Leasing revenue is expected to remain strong, with a positive outlook for leasing driven by resilient global economies and a return to office trends. Capital markets are projected to accelerate from the mid-single-digit growth rate of 2024, depending on interest rate volatility and investor sentiment. The company also highlighted a strategic focus on talent retention and recruitment, alongside organic and tuck-in growth, to drive sustainable long-term growth.Record Capital Markets Revenue Growth
Cushman & Wakefield concluded 2024 with unparalleled momentum, reporting the highest capital markets revenue growth since the first quarter of 2022. Capital markets revenue was up 36% globally in Q4.
Strong Free Cash Flow and Balance Sheet Improvement
The company produced one of the highest free cash flow conversion percentages in its history, with $167 million of free cash flow for the year, $66 million higher than 2023. The leverage ratio improved to 3.8 times from 4.3 times at the end of 2023.
Leasing Revenue Growth and Positive Office Trends
Five straight quarters of year-over-year leasing revenue growth were reported. Nearly half of the markets tracked registered positive absorption in Q4, and sublease space is trending lower.
Improved Earnings and EBITDA
Full-year fee revenue of $6.6 billion was up 1%, and adjusted EBITDA expanded 3% to $582 million. Adjusted EPS was $0.91, up 8% from last year.
Strategic Talent Acquisition
The company has seen a significant increase in top-tier talent retention and recruitment, including the hiring of Myles Treaster and ten new capital markets professionals.
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CWK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $13.02 | $12.24 | -5.99% |
| Nov 04, 2024 | $13.14 | $15.17 | +15.45% |
| Jul 29, 2024 | $13.31 | $12.83 | -3.61% |
| Apr 29, 2024 | $9.91 | $9.65 | -2.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cushman & Wakefield (CWK) report earnings?
Cushman & Wakefield (CWK) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Cushman & Wakefield (CWK) earnings time?
Cushman & Wakefield (CWK) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWK EPS forecast?
CWK EPS forecast for the fiscal quarter 2025 (Q1) is 0.04.
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