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

Newmark

16/02/2023 17:23

* Newmark Group Inc  NMRK.OQ  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in December. The
mean expectation of five analysts for the quarter was
for earnings of 32 cents per share.
    * Revenue fell 38.3% to $607.28 million from a year ago;
analysts
expected $652.09 million. 
    * Newmark Group Inc's reported EPS for the quarter was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Newmark Group Inc shares had risen by 11.5% this quarter.
    * The company reported quarterly net income of $9.36
million.
    * Wall Street's median 12-month price target for Newmark
Group Inc
is $9.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
16 at 05:22 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.32           0.32           Met
 Sep. 30 2022      0.40           0.35           Missed
 Jun. 30 2022      0.36           0.46           Beat
 Mar. 31 2022      0.26           0.36           Beat