Newmark Group (NASDAQ:NMRK) Issues FY25 Earnings Guidance

Newmark Group (NASDAQ:NMRK) issued an update on its FY25 earnings guidance on Friday morning. The company provided EPS guidance of $1.40-1.50 for the period, compared to the consensus EPS 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 Stock Performance

Shares of Newmark Group stock opened at $14.69 on Friday. The business’s fifty day simple moving average is $13.49 and its 200 day simple moving average is $14.13. The firm has a market capitalization of $2.51 billion, a P/E ratio of 48.97 and a beta of 1.99. Newmark Group has a 12 month low of $9.44 and a 12 month high of $16.10. 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 (NASDAQ:NMRK) last issued its earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. The firm had revenue of $888.30 million for 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 business’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, analysts anticipate that Newmark Group will post 1.16 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on NMRK. The Goldman Sachs Group began 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. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research note 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.