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

Newmark

02/08/2024 14:06

* Newmark Group Inc  NMRK.OQ  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 18 cents.  The mean expectation of four analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 18 cents to 22 cents per share.
    * Revenue rose 8.1% to $633.38 million from a year ago;
analysts
expected $630.27 million. 
    * Newmark Group Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $14.28
million.
    * Newmark Group Inc shares had risen by 24.5% this
quarter and
gained 16.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $13.00 
This summary was machine generated from LSEG data August 2 at
01:06 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
 Jun. 30 2024      0.21           0.22           Beat
 Mar. 31 2024      0.15           0.46           Beat
 Sep. 30 2023      0.47           0.46           Missed
 Sep. 30 2023      0.26           0.27           Beat