Cushman & Wakefield (NYSE:CWK) Releases Earnings Results

Cushman & Wakefield (NYSE:CWK) issued its quarterly earnings data on Thursday. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02, FiscalAI reports. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share.

Here are the key takeaways from Cushman & Wakefield’s conference call:

• Delivered a strong quarter with 9% revenue growth to $2.5B, 15% adjusted EBITDA growth, and 67% adjusted EPS growth to $0.15, and management reaffirmed full-year adjusted EPS guidance of 15%–20%.
• Leasing and capital markets were major drivers — leasing was the company’s highest-ever Q1 revenue, up 17%, while capital markets grew 14% globally with notable strength in industrial and data center-related activity.
• Balance sheet progress continues — the company announced a $100M redemption (part of ~$600M repaid since 2024), trailing-12-month free cash flow conversion is ~70%, and net leverage improved to 3.1x toward a 2x target by 2028.
• Reporting changes disclosed in an April 8 8‑K remove several previously disclosed non‑GAAP metrics (including fee revenue breakdowns and adjusted EBITDA margin), and revenue will now be presented inclusive of gross contract costs, reducing consistency of prior comparability.
• APAC profitability declined year-over-year due to tough comps (large Japan transactions a year ago) and a one‑time $3.5M joint-venture credit-loss provision in China, though management described underlying demand there as recovering.

Cushman & Wakefield Trading Up 2.2%

Shares of NYSE CWK opened at $14.16 on Friday. The stock’s 50 day moving average price is $13.18 and its two-hundred day moving average price is $14.88. Cushman & Wakefield has a 52-week low of $9.43 and a 52-week high of $17.40. The stock has a market capitalization of $3.32 billion, a P/E ratio of 44.24 and a beta of 1.50. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 1.34.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CWK shares. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research note on Friday, January 16th. Finally, Barclays cut their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.06.

Trending Headlines about Cushman & Wakefield

Here are the key news stories impacting Cushman & Wakefield this week:

• Positive Sentiment: Cushman & Wakefield reported Q1 EPS of $0.15, topping estimates, while revenue of $2.54 billion also beat expectations and rose 11% year over year. Article Title
• Positive Sentiment: The company raised full-year 2026 guidance, with EPS of $1.40 to $1.46 and revenue of $10.9 billion to $11.1 billion, signaling confidence in continued operating strength.
• Positive Sentiment: A company report highlighted broad-based growth across the business, suggesting underlying demand remains healthy despite some margin pressure concerns. Article Title
• Positive Sentiment: Cushman & Wakefield also announced a financing-related transaction with Greystone on a $20.8 million FHA/HUD loan for a New Jersey apartment refinance, showing continued activity in its debt and structured finance business. Article Title

Hedge Funds Weigh In On Cushman & Wakefield

Several institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its holdings in shares of Cushman & Wakefield by 22.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,106 shares of the company’s stock valued at $406,000 after purchasing an additional 4,539 shares during the last quarter. Summit Global Investments bought a new position in Cushman & Wakefield in the 4th quarter worth approximately $1,213,000. Caitlin John LLC bought a new position in Cushman & Wakefield in the 4th quarter worth approximately $195,000. EP Wealth Advisors LLC bought a new position in Cushman & Wakefield in the 4th quarter worth approximately $466,000. Finally, XTX Topco Ltd grew its holdings in Cushman & Wakefield by 50.6% in the 4th quarter. XTX Topco Ltd now owns 103,631 shares of the company’s stock worth $1,678,000 after buying an additional 34,805 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.