Cushman & Wakefield Q4 2023 Adj EPS $0.45 Beats $0.40 Estimate, Sales $2.55B Beat $2.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cushman & Wakefield (CWK) reported Q4 2023 adjusted EPS of $0.45, surpassing the $0.40 estimate, with sales of $2.55B exceeding the $2.43B estimate, despite a 3.59% decrease from the previous year.
February 20, 2024 | 9:06 pm
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Cushman & Wakefield reported higher-than-expected Q4 2023 earnings and sales, with EPS at $0.45 and sales at $2.55B, beating estimates.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported decrease in sales year-over-year is a concern, but the immediate impact of exceeding expectations is likely to be more significant.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100