Newmark Group (NASDAQ:NMRK) Updates FY25 Earnings Guidance

Newmark Group (NASDAQ:NMRK) issued an update on its FY25 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.40-1.50 for the period, compared to the consensus estimate of $1.41. The company issued revenue guidance of $2.90-3.10 billion, compared to the consensus revenue estimate of $3.00 billion. Newmark Group also updated its FY 2025 guidance to 1.400-1.500 EPS.

Newmark Group Price Performance

Shares of NMRK opened at $15.10 on Friday. The company has a 50 day moving average of $13.55 and a two-hundred day moving average of $14.11. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group has a twelve month low of $9.44 and a twelve month high of $16.10. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 49.94 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The company had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. As a group, analysts predict that Newmark Group will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Newmark Group in a report on Friday, December 6th. They set a “buy” rating and a $19.00 target price for the company. Wolfe Research cut Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

Newmark Group Company Profile

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.