Newmark Group (NASDAQ:NMRK) Posts Earnings Results, Beats Expectations By $0.07 EPS

Newmark Group (NASDAQ:NMRK) announced its quarterly earnings results on Friday. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07, Briefing.com reports. The firm had revenue of $888.30 million for 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 business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. 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 Stock Performance

NMRK opened at $14.69 on Friday. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 48.97 and a beta of 1.99. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group has a 12-month low of $9.44 and a 12-month high of $16.10. The company’s 50 day moving average is $13.49 and its 200 day moving average is $14.13.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NMRK shares. Wolfe Research downgraded shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th. 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 price target on the stock.

About Newmark Group

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.