Newmark Group (NASDAQ:NMRK) Updates FY 2025 Earnings Guidance

Newmark Group (NASDAQ:NMRK) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.400-1.500 for the period, compared to the consensus estimate of 1.410. The company issued revenue guidance of $2.9 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion. Newmark Group also updated its FY25 guidance to $1.40-1.50 EPS.

Analysts Set New Price Targets

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

Newmark Group Stock Performance

Shares of NASDAQ NMRK traded up $1.21 during trading hours on Friday, reaching $15.03. 1,169,011 shares of the stock were exchanged, compared to its average volume of 915,271. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 50.33 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. Newmark Group has a 52 week low of $9.44 and a 52 week high of $16.10. The stock’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 data on Friday, February 14th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The firm had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. During the same quarter last year, the company earned $0.46 EPS. The company’s revenue was up 18.9% on a year-over-year basis. Sell-side analysts predict that Newmark Group will post 1.16 EPS for the current year.

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.