Newmark Group Inc reports results for the quarter ended December 31 - Earnings Summary

Newmark

14/02/2025 14:01

* Newmark Group Inc  NMRK.OQ  reported quarterly adjusted
earnings
of 55 cents​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 46 cents.  The mean expectation of five analysts
for the quarter was for earnings of 48 cents per share. Wall
Street expected results to range from 46 cents to 49 cents per
share.
    * Revenue rose 18.9% to $888.30 million from a year ago;
analysts
expected $790.76 million. 
    * Newmark Group Inc's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $65.7
million.
    * Newmark Group Inc shares had risen by 7.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "buy"

Wall Street's median 12-month price target for Newmark Group Inc
is $19.00 
This summary was machine generated from LSEG data February 14 at
02:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.48           0.55           Beat
 Sep. 30 2024      0.30           0.33           Beat
 Jun. 30 2024      0.21           0.22           Beat
 Mar. 31 2024      0.15           0.15           Met