NYSE$CWK
Cushman & Wakefield PLC · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Cushman & Wakefield's financial performance reflected the impact of COVID-19 and cost-saving initiatives.
Cushman & Wakefield reported a revenue decrease of 9% to $1.9 billion in Q3 2020 compared to Q3 2019, primarily due to lower brokerage activity. The company reported a net loss of $37.3 million, with adjusted earnings per share at $0.16. Adjusted EBITDA was $117.1 million, a 31% decrease from the prior year. The company is on track to realize annualized cost savings of $400 million.
- Revenue decreased by 9% to $1.9 billion compared to the third quarter of 2019.
- Net loss was $37.3 million, and loss per share was $0.17.
- Adjusted earnings per share was $0.16.
- Adjusted EBITDA decreased by 31% to $117.1 million.
Headline financials
Revenue & EPS history
Cushman & Wakefield · Revenue · Quarterly
$1.93B
Revenue by segment
Cushman & Wakefield · $582M total across 3 segments · Q3 2020
- Leasing$322M-31.6%55.3%
- Capital Markets$156M-34.7%26.7%
- Valuation & Other$105M-11.2%18.0%
Forward guidance
Company is well positioned to navigate any number of recovery scenarios given their strong financial position and continuing focus on cost management, innovation and operational excellence.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-2.3%
Avg return
30 days after
42%
15 / 36 earnings
Positive
+16.4%
Q3 2024
Best reaction
-13.9%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.4% | -7.7% | -7.6% | |
| Q4 2025 | -3.2% | +0.1% | -12.7% | |
| Q3 2025 | -2.1% | -5.4% | +1.3% | |
| Q1 2025 | +4.4% | +11.9% | +12.4% | |
| Q4 2024 | -6.0% | -8.9% | -19.8% | |
| Q3 2024 | +16.4% | +14.5% | +16.0% | |
| Q2 2024 | -5.2% | -8.4% | -4.3% | |
| Q1 2024 | -0.7% | +3.1% | +10.8% | |
| Q4 2023 | -13.1% | -14.7% | -11.2% | |
| Q3 2023 | +10.3% | +23.7% | +24.6% | |
| Q2 2023 | +6.1% | +6.9% | -4.6% | |
| Q1 2023 | -13.9% | -17.3% | -7.9% | |
| Q4 2022 | -2.4% | -2.7% | -26.4% | |
| Q3 2022 | -2.4% | -3.0% | +10.3% | |
| Q2 2022 | -4.2% | -5.2% | -12.5% | |
| Q1 2022 | -2.8% | -6.0% | -5.7% | |
| Q4 2021 | +4.5% | -3.6% | -9.0% | |
| Q3 2021 | +6.5% | +2.7% | +0.4% | |
| Q2 2021 | -0.9% | -1.5% | -3.9% | |
| Q1 2021 | +6.7% | +2.3% | +3.3% | |
| Q4 2020 | -9.7% | -13.2% | -3.4% | |
| Q3 2020 | -3.8% | +10.5% | +26.0% | |
| Q2 2020 | +1.8% | +8.3% | +8.1% | |
| Q1 2020 | +3.3% | -9.8% | +23.6% | |
| Q4 2019 | +5.6% | +8.3% | -30.9% | |
| Q3 2019 | -4.5% | -2.3% | -0.9% | |
| Q2 2019 | -6.1% | -11.6% | -15.1% | |
| Q1 2018 | -6.1% | -7.1% | -7.2% | |
| Q1 2019 | -6.2% | -7.4% | -11.8% | |
| Q2 2018 | -1.4% | -0.4% | -5.7% | |
| Q4 2018 | -0.4% | +3.0% | -3.3% | |
| Q3 2017 | +8.5% | +8.4% | -1.4% | |
| Q3 2018 | +13.2% | +11.0% | +4.1% | |
| Q1 2017 | +2.2% | +5.9% | -5.8% | |
| Q2 2017 | +2.2% | +5.9% | -5.8% | |
| Q4 2017 | +2.2% | +4.3% | -5.7% |
Discussion
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