Recap: Cushman & Wakefield Q4 Earnings
Portfolio Pulse from Benzinga Insights
Cushman & Wakefield (NYSE:CWK) reported Q4 earnings with a 12.5% beat on EPS estimates, reporting $0.45 versus the expected $0.4. However, revenue was down $95 million from the same period last year. Despite missing EPS estimates last quarter, CWK's share price increased by 8.7% the following day. The company's past earnings performance shows mixed results with both misses and beats on EPS and revenue estimates.
February 20, 2024 | 9:10 pm
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Cushman & Wakefield reported a 12.5% beat on EPS for Q4, with an EPS of $0.45 against an estimate of $0.4, but saw a decrease in revenue by $95 million from the previous year.
The positive earnings surprise of 12.5% is likely to be viewed favorably by investors, potentially leading to a short-term increase in CWK's stock price, similar to the 8.7% increase observed after the last quarter's earnings miss. However, the decrease in revenue could temper some of the optimism, making the overall impact on the stock price positive but with caution.
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IMPORTANCE 90
RELEVANCE 100