We Like The Quality Of Cushman & Wakefield's (NYSE:CWK) Earnings
We Like The Quality Of Cushman & Wakefield's (NYSE:CWK) Earnings
Shareholders appeared to be happy with Cushman & Wakefield plc's (NYSE:CWK) solid earnings report last week. This reaction by the market reaction is understandable when looking at headline profits and we have found some further encouraging factors.
股東們似乎對庫什曼和韋克菲爾德公司(紐交所:CWK)上週發佈的強勁業績感到滿意。當看到頭條利潤時,市場的反應是可以理解的,我們還發現了一些令人鼓舞的因素。
How Do Unusual Items Influence Profit?
非常規項目如何影響利潤?
Importantly, our data indicates that Cushman & Wakefield's profit was reduced by US$61m, due to unusual items, over the last year. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If Cushman & Wakefield doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.
重要的是,我們的數據表明,庫什曼和韋克菲爾德公司的利潤因飛凡項目在過去一年中減少了6100萬美元。雖然由於飛凡項目帶來的扣除在第一時間內令人失望,但仍有一些積極的因素。我們調查了數千家上市公司,發現飛凡項目通常是一次性的。而且,畢竟,這正是會計術語所暗示的。如果庫什曼和韋克菲爾德不再看到那些飛凡支出重複,那麼在其他條件相同的情況下,我們預計其利潤將在未來一年內增加。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
這可能會讓您想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看基於其估計的未來盈利能力的互動圖表。
Our Take On Cushman & Wakefield's Profit Performance
我們對庫什曼和韋克菲爾德利潤表現的看法
Because unusual items detracted from Cushman & Wakefield's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Based on this observation, we consider it likely that Cushman & Wakefield's statutory profit actually understates its earnings potential! And one can definitely find a positive in the fact that it made a profit this year, despite losing money last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you'd like to know more about Cushman & Wakefield as a business, it's important to be aware of any risks it's facing. Case in point: We've spotted 2 warning signs for Cushman & Wakefield you should be mindful of and 1 of these bad boys doesn't sit too well with us.
因爲飛凡項目削弱了Cushman & Wakefield過去一年的收益,所以可以認爲我們可以期待當前季度的改善結果。根據這一觀察,我們認爲Cushman & Wakefield的法定利潤實際上低估了其盈利潛力!而且,可以肯定地說,儘管去年虧損,今年它仍然盈利,這一點是積極的。本文的目標是評估我們在多大程度上可以依賴法定收益來反映公司的潛力,但還有很多其他因素需要考慮。如果您想了解更多關於Cushman & Wakefield的業務,了解它面臨的任何風險是很重要的。舉個例子:我們發現了Cushman & Wakefield的2個警告信號,您應該注意其中1個是我們不太放心的。
This note has only looked at a single factor that sheds light on the nature of Cushman & Wakefield's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.
這篇文章僅關注了一個能揭示Cushman & Wakefield利潤性質的單一因素。但如果您能夠專注於細節,總是會有更多發現。有些人認爲高股本回報率是優質企業的好跡象。因此,您可能希望查看這份免費收藏,包含了高股本回報率的公司,或者這份擁有高內部聯繫人的股票列表。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。