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Stock impact report

Real Estate Services Stocks Q3 In Review: Cushman & Wakefield (NYSE:CWK) Vs Peers [Yahoo! Finance]

Cushman & Wakefield plc Ordinary Shares (CWK) 
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 14 real estate services stocks we track reported a satisfactory Q3. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was 7.8% below. Luckily, real estate services stocks have performed well with share prices up 14.3% on average since the latest earnings results. With expertise in the commercial real estate sector, Cushman & Wakefield (NYSE:CWK) is a global Chicago-based real estate firm offering a comprehensive range of services to clients. Cushman & Wakefield reported revenues of $2.34 billion, up 2.5% year on year. T Show less Read more
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