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 Up 6.3 %

NMRK opened at $14.69 on Friday. The stock has a market cap of $2.51 billion, a PE ratio of 48.97 and a beta of 1.99. 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 52 week low of $9.44 and a 52 week high of $16.10. The business’s fifty day simple moving average is $13.51 and its 200 day simple moving average is $14.11.

Newmark Group (NASDAQ:NMRK) last posted its quarterly 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. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The business had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. As a group, research analysts expect that Newmark Group will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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