Newmark Group (NASDAQ:NMRK) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Newmark Group (NASDAQ:NMRK) issued its quarterly earnings data on Friday. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07, Briefing.com reports. The firm had revenue of $888.30 million during the quarter, compared to the consensus estimate of $790.76 million. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. Newmark Group updated its FY 2025 guidance to 1.400-1.500 EPS and its FY25 guidance to $1.40-1.50 EPS.

Newmark Group Price Performance

Shares of NASDAQ NMRK opened at $14.69 on Friday. Newmark Group has a 1 year low of $9.44 and a 1 year high of $16.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The company’s 50-day moving average is $13.51 and its 200 day moving average is $14.11. The stock has a market capitalization of $2.51 billion, a P/E ratio of 48.97 and a beta of 1.99.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NMRK. Wolfe Research downgraded shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Newmark Group in a research note on Friday, December 6th. They set a “buy” rating and a $19.00 price objective for the company.

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.