Cushman & Wakefield plc (CWK)
NYSEReal EstateReal Estate - ServicesSnapshot 2026-09-04
$13.66+1.34%
Close 2026-09-04 · 1-day change
NYSEReal EstateReal Estate - ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · CWK
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance recently climbed back into the top half of its industry — confirming the recovery.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -34.2% |
| Our one-year growth estimate | diamond | 7.4% |
Growth built into the price is above our model estimate.
The price assumes 41.6 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Model as of 2026-09-04 · Compared with 12 industry peers
CWK — earnings miss
Dated 2026-08-05
Results of Operations and Financial Condition. On August 5, 2026, Cushman & Wakefield Ltd. (the “Company”) issued a press release reporting its financial results for the second quarter of 2026. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor s…
Why it matters: Better cash flow is key for financial health. It helps management focus on spending.
Supportive ifCash flow from operations is positive in Q2. This shows better cash management.
Worry ifCash flow from operations is still negative in Q2. This shows ongoing problems.
Why it matters: Strong EBITDA growth means better operating efficiency. It also means more profit.
Supportive ifAdjusted EBITDA growth exceeds 15% year over year in Q2.
Worry ifAdjusted EBITDA growth is less than 15% year over year in Q2.
Why it matters: Lower interest rates on the Term Loan could improve cash flow and support growth initiatives.
Supportive ifCash flow from operations gets much better after repricing.
Worry ifCash flow from operations does not improve or worsens despite the repricing.
Why it matters: Better cash flow from operations is key for growth and stability. It shows how well the company is doing.
Watch forCash flow from operations turns positive compared to the -$243.5M reported in Q1 2026.
Also watch forCash flow from operations remains negative or worsens.
Why it matters: Paying off debt shows better financial health. It shows management cares about spending wisely.
Supportive ifExpect news of debt repayments over $100 million in the next quarter.
Worry ifNo announcements of debt repayments or an increase in overall debt levels.
Why it matters: The FOMC's choices can change interest rates and borrowing costs. This affects Cushman & Wakefield's finances.
Watch forFOMC raises interest rates. This leads to higher borrowing costs.
Also watch forFOMC keeps or lowers interest rates. This reduces borrowing costs.
Why it matters: Better operating income shows good cost management. This can make investors feel positive.
Supportive ifOperating income increases by more than 30% in Q2 2026 compared to Q1 2026.
Worry ifOperating income does not improve or declines in Q2 2026.
Why it matters: If the real estate sector shows renewed growth, it could benefit Cushman & Wakefield. It would indicate a shift in the current maturing phase.
Watch forSector revenue growth speeds up to over 5% each year.
Also watch forSector revenue growth continues to decline or stays below 0%.
Why it matters: A drop in net income shows profit problems. This may hurt investor confidence.
Worry ifNet income for Q3 falls below $40 million.
Less concerning ifNet income for Q3 stays above $40 million.
Why it matters: Finishing the Redomiciliation could cut costs and help corporate governance. This may boost investor trust.
Supportive ifThe legal steps for the Redomiciliation are done by the expected date.
Worry ifThe Redomiciliation has delays. It may not meet the closing conditions.
Why it matters: Continuing to reduce debt can strengthen the balance sheet and improve cash flow. This may support future growth.
Supportive ifCushman & Wakefield says it will repay at least $100 million in debt.
Worry ifNo announcements of further debt repayments in the next quarter.
Why it matters: Slow growth in capital markets revenue may mean fewer transactions and less market trust.
Worry ifCapital markets revenue growth is under 5% compared to last year.
Less concerning ifCapital markets revenue growth is over 5% compared to last year.
Why it matters: Steady revenue growth shows strong demand. It also shows management is doing a good job.
Supportive ifQ2 revenue growth exceeds 10% year over year.
Worry ifQ2 revenue growth falls below 10% year over year.
Why it matters: A slowdown in leasing revenue growth may show less demand in commercial real estate.
Worry ifLeasing revenue growth below 20% year over year in Q3 2026.
Less concerning ifLeasing revenue growth remains above 20% year over year in Q3 2026.
Why it matters: A big drop in capital markets revenue may show larger problems in real estate.
Worry ifCapital markets revenue declines more than 5% year over year in Q3 2026.
Less concerning ifCapital markets revenue increases or declines less than 5% year over year in Q3 2026.
Why it matters: Negative net income shows ongoing profit problems and may affect how investors feel.
Worry ifNet income turns negative in Q3 2026.
Less concerning ifNet income remains positive in Q3 2026.
Why it matters: Changes in EPS guidance may show how management views profits and market conditions.
Watch forManagement raises adjusted EPS growth to over 23% for 2026.
Also watch forManagement lowers adjusted EPS growth to below 18% for 2026.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the broad stock market and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$170 on $10,000 · ±1.7% | How much price usually moves either way. |
| Bad day | $396 loss on $10,000 · 4.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,140 loss on $10,000 · 31.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.