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

Newmark

23/02/2024 03:01

* Newmark Group Inc  NMRK.OQ  reported quarterly adjusted
earnings
of 46 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of four analysts
for the quarter was for earnings of 47 cents per share. Wall
Street expected results to range from 44 cents to 49 cents per
share.
    * Revenue rose 23.1% to $747.40 million from a year ago;
analysts
expected $743.53 million. 
    * Newmark Group Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $52.87
million.
    * Newmark Group Inc shares had fallen by 5.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "hold"

Wall Street's median 12-month price target for Newmark Group Inc
is $12.00 
This summary was machine generated from LSEG data February 23 at
03:01 a.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 2023      0.47           0.46           Missed
 Sep. 30 2023      0.26           0.27           Beat
 Jun. 30 2023      0.22           0.18           Missed
 Mar. 31 2023      0.15           0.15           Met