Newmark Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Newmark

06/11/2024 05:15

* Newmark Group Inc  NMRK.OQ  reported quarterly adjusted
earnings
of 33 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 27 cents.  The mean expectation of four analysts
for the quarter was for earnings of 30 cents per share. Wall
Street expected results to range from 28 cents to 33 cents per
share.
    * Revenue rose 11.3% to $685.91 million from a year ago;
analysts
expected $682.00 million. 
    * Newmark Group Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $17.79
million.
    * Newmark Group Inc shares had fallen by 4.1% this
quarter and
gained 35.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "buy"

Wall Street's median 12-month price target for Newmark Group Inc
is $17.00 
This summary was machine generated from LSEG data November 6 at
05:15 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
 Sep. 30 2024      0.30           0.33           Beat
 Jun. 30 2024      0.21           0.22           Beat
 Mar. 31 2024      0.15           0.15           Met
 Dec. 31 2023      0.47           0.46           Missed