Cushman & Wakefield: Staying Neutral Considering Q3 Results And Financial Leverage
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Cushman & Wakefield's Q3 2024 results show a boost in EPS due to non-operating items like lower interest expenses, but a 5% YoY decline in normalized EBITDA. The company is making progress in deleveraging, leading to a Hold rating.
November 06, 2024 | 10:30 am
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Cushman & Wakefield's Q3 2024 EPS was positively impacted by non-operating items, but normalized EBITDA declined by 5% YoY. The company is progressing in deleveraging, leading to a Hold rating.
The Hold rating suggests a neutral short-term impact on CWK's stock price. While EPS was boosted by lower interest expenses, the decline in normalized EBITDA and the ongoing deleveraging process indicate mixed financial health.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100