Cushman & Wakefield (NYSE:CWK) Announces Earnings Results, Beats Estimates By $0.02 EPS

Cushman & Wakefield (NYSE:CWK) posted its quarterly earnings results on Thursday. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02, FiscalAI reports. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company posted $0.09 earnings per share. Cushman & Wakefield’s quarterly revenue was up 11.0% on a year-over-year basis.

Here are the key takeaways from Cushman & Wakefield’s conference call:

• Delivered a strong quarter with 9% revenue growth to $2.5B, 15% adjusted EBITDA growth, and 67% adjusted EPS growth to $0.15, and management reaffirmed full-year adjusted EPS guidance of 15%–20%.
• Leasing and capital markets were major drivers — leasing was the company’s highest-ever Q1 revenue, up 17%, while capital markets grew 14% globally with notable strength in industrial and data center-related activity.
• Balance sheet progress continues — the company announced a $100M redemption (part of ~$600M repaid since 2024), trailing-12-month free cash flow conversion is ~70%, and net leverage improved to 3.1x toward a 2x target by 2028.
• Reporting changes disclosed in an April 8 8‑K remove several previously disclosed non‑GAAP metrics (including fee revenue breakdowns and adjusted EBITDA margin), and revenue will now be presented inclusive of gross contract costs, reducing consistency of prior comparability.
• APAC profitability declined year-over-year due to tough comps (large Japan transactions a year ago) and a one‑time $3.5M joint-venture credit-loss provision in China, though management described underlying demand there as recovering.

Cushman & Wakefield Stock Performance

CWK stock traded up $0.31 during mid-day trading on Friday, hitting $14.16. 567,513 shares of the company were exchanged, compared to its average volume of 1,915,336. The business has a 50 day simple moving average of $13.18 and a 200-day simple moving average of $14.88. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $3.32 billion, a PE ratio of 37.25 and a beta of 1.50. Cushman & Wakefield has a 1-year low of $9.43 and a 1-year high of $17.40.

Institutional Investors Weigh In On Cushman & Wakefield

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,850,956 shares of the company’s stock valued at $208,062,000 after buying an additional 109,963 shares in the last quarter. State Street Corp raised its position in shares of Cushman & Wakefield by 2.2% in the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock valued at $147,946,000 after buying an additional 197,430 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Cushman & Wakefield by 23.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after buying an additional 1,233,055 shares in the last quarter. Channing Capital Management LLC raised its position in shares of Cushman & Wakefield by 46.0% in the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after buying an additional 1,609,190 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Cushman & Wakefield by 128.6% in the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after buying an additional 1,620,143 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Monday, February 9th. Barclays cut their price objective on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Wall Street Zen downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Morgan Stanley restated an “overweight” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a research report on Friday, January 16th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Moderate Buy” and an average target price of $18.06.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.