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

Newmark

05/05/2023 15:12

* Newmark Group Inc  NMRK.OQ  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
15 cents per share.
    * Revenue fell 23.2% to $520.80 million from a year ago;
analysts
expected $514.07 million. 
    * Newmark Group Inc's reported EPS for the quarter was a
loss of 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 36.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Newmark Group Inc shares had fallen by 16.5% this
quarter and
lost 25.8% so far this year.
    * The company reported a quarterly loss of $10.35 million.
    * Wall Street's median 12-month price target for Newmark
Group Inc
is $8.50 
    * 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 LSEG Refinitiv data May
5 at 02:12 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.15           0.15           Met
 Dec. 31 2022      0.32           0.32           Met
 Sep. 30 2022      0.40           0.35           Missed
 Jun. 30 2022      0.36           0.46           Beat