What to look for from CWK By Stock Story

Stock Story –

Real estate services firm Cushman & Wakefield (NYSE:CWK) will announce earnings results tomorrow afternoon. Here’s what to expect.

Cushman & Wakefield met analysts’ revenue expectations last quarter, reporting revenue of $2.18 billion, down 2.9% from a year ago. It was a very strong quarter for the company, impressively beating analysts’ earnings estimates.

Is Cushman & Wakefield an Earnings Buy or Sell? Find out by reading the original article on StockStory, it’s free.

This quarter, analysts expect Cushman & Wakefield’s revenue to fall 2% year over year to $2.36 billion, improving from a 7.9% decline in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

Analysts covering the company have generally reconfirmed their estimates over the past 30 days, suggesting that they anticipate the business to maintain its earnings trajectory. Cushman & Wakefield has missed Wall Street’s earnings estimates just once in the past two years, beating top-line expectations by an average of 4.7%.

Looking at Cushman & Wakefield’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us an indication of what to expect. CBRE posted year-over-year revenue growth of 8.7%, meeting analysts’ expectations, and Royal Caribbean reported revenue up 16.7%, beating estimates by 1.6%. CBRE traded up 12.5% ​​following the results, while Royal Caribbean fell 6.7%.

Read full analysis of CBRE and Royal Caribbean results on StockStory.

There was positive sentiment among investors in the consumer discretionary segment, with share prices rising an average of 10.9% over the past month. Cushman & Wakefield is up 34.3% over the same time and is heading to earnings with an average analyst price target of $13.3 (compared to the current stock price of $13.5).