William Blair Has Bearish Forecast for CWK FY2024 Earnings

Cushman & Wakefield plc (NYSE:CWK) – William Blair lowered their FY2024 earnings per share estimates for Cushman & Wakefield in a research report issued on Tuesday, November 5th. William Blair analyst S. Sheldon now expects that the company will post earnings per share of $0.94 for the year, down from their prior estimate of $0.96. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.87 per share. William Blair also issued estimates for Cushman & Wakefield’s Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $1.27 EPS and FY2026 earnings at $1.70 EPS.

CWK has been the topic of several other research reports. Raymond James lifted their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.80.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK opened at $15.18 on Wednesday. Cushman & Wakefield has a 12-month low of $7.28 and a 12-month high of $15.98. The company has a market cap of $3.48 billion, a PE ratio of 189.69 and a beta of 1.30. The stock has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $11.93. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.83.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the business posted $0.21 EPS. Cushman & Wakefield’s revenue was up 2.5% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CWK. SummerHaven Investment Management LLC boosted its position in shares of Cushman & Wakefield by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock valued at $831,000 after purchasing an additional 1,395 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Cushman & Wakefield by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock worth $334,000 after buying an additional 1,500 shares in the last quarter. GAMMA Investing LLC grew its position in Cushman & Wakefield by 45.8% in the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after buying an additional 1,629 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after buying an additional 2,027 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after acquiring an additional 2,080 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.