Newmark Group Inc expected to post earnings of 22  cents a share - Earnings Preview

Newmark

26/07/2023 13:03

* Newmark Group Inc  NMRK.OQ   NMRK.O  is expected to show a
fall
in quarterly revenue when it reports  results on July 28. 
    * The New York City-based  company is expected to report  a
26.0% decrease in revenue to $558.867 million from $755.35
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Newmark Group Inc
is for
earnings of 22 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Newmark
Group Inc
is $7.5​, above​ its last closing price of $6.92. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.14        0.15       0.15      Met     1.7
 Dec. 31 2023  0.29        0.32       0.32      Met     1.3
 Sep. 30 2022  0.38        0.40       0.35      Missed  -12.5​
 Jun. 30 2022  0.36        0.36       0.46      Beat    26.9
 ​​Mar.        0.27        0.26       0.36      Beat    37.4
 31 2022                                                
 Dec. 31 2021  0.57        0.56       0.65      Beat    16.1​
 Sep. 30 2021  0.39        0.37       0.50      Beat    36.6
 Jun. 30 2021  0.22        0.23       0.31      Beat    37.8
 This summary was machine generated July 26 at 12:03 GMT.  All
figures in US dollars  unless otherwise stated