Newmark Group Inc expected to post earnings of 30 cents a share - Earnings Preview

Newmark

01/11/2024 14:04

* Newmark Group Inc  NMRK.OQ   NMRK.O  is expected to show a
rise
in quarterly revenue when it reports  results on November 5 for
the period ending September 30 2024
    * The New York City-based  company is expected to report a
10.7% increase in revenue to $682 million from $616.3 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Newmark Group Inc is for
earnings of 30 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 $17.00​, above​ its last closing price of $14.99. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001               0.21       0.22      Beat    6
 Mar. 31 0001  0.15        0.15       0.15      Met     0
 Dec. 31 2023  0.48        0.47       0.46      Missed  -1.4​
 Sep. 30 2023  0.23        0.26       0.27      Beat    2.5
 ​​Jun.        0.23        0.22       0.18      Missed  -16.3
 30 2023                                                
 Mar. 31 2023  0.14        0.15       0.15      Met     1.7​
 Dec. 31 2022  0.29        0.32       0.32      Met     1.3
 Sep. 30 2022  0.38        0.40       0.35      Missed  -12.5
 This summary was machine generated November 1 at 14:04 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)