Cushman & Wakefield Q2 2024 Adj. EPS $0.20 Beats $0.19 Estimate, Sales $2.288B Miss $2.373B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cushman & Wakefield (NYSE:CWK) reported Q2 2024 adjusted EPS of $0.20, beating the $0.19 estimate, but sales of $2.288 billion missed the $2.373 billion estimate. EPS decreased by 9.09% year-over-year, and sales decreased by 4.90% year-over-year.
July 29, 2024 | 8:12 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cushman & Wakefield reported Q2 2024 adjusted EPS of $0.20, beating the $0.19 estimate, but sales of $2.288 billion missed the $2.373 billion estimate. EPS decreased by 9.09% year-over-year, and sales decreased by 4.90% year-over-year.
While CWK's EPS beat estimates, the miss on sales and the year-over-year declines in both EPS and sales suggest mixed results. This could lead to neutral short-term price movement as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100