Newmark Group (NASDAQ:NMRK – Get Free Report) updated its FY25 earnings guidance on Friday. The company provided earnings per share guidance of $1.40-1.50 for the period, compared to the consensus earnings per share 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.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Wolfe Research cut Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 target price on the stock.
Read Our Latest Analysis on NMRK
Newmark Group Trading Up 8.8 %
Newmark Group (NASDAQ:NMRK – Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. The business had revenue of $888.30 million for the quarter, compared to analysts’ expectations of $790.76 million. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. On average, analysts anticipate that Newmark Group will post 1.16 earnings per share for the current fiscal year.
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.
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