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

Newmark

03/05/2024 14:46

* Newmark Group Inc  NMRK.OQ  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended in March,
identical to the same quarter last year.  The mean expectation
of four analysts for the quarter was for earnings of 15 cents
per share. Wall Street expected results to range from 14 cents
to 16 cents per share.
    * Revenue rose 4.9% to $546.50 million from a year ago;
analysts
expected $526.07 million. 
    * Newmark Group Inc's reported EPS for the quarter was a
loss of 9
cents​.
    * The company reported a quarterly loss of $16.25 million.
    * Newmark Group Inc shares had fallen by 10.0% this
quarter and
lost 8.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
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 $12.13 
This summary was machine generated from LSEG data May 3 at 01:46
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
 Mar. 31 2024      0.15           0.15           Met
 Dec. 31 2023      0.47           0.46           Missed
 Sep. 30 2023      0.26           0.27           Beat
 Jun. 30 2023      0.22           0.18           Missed