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

NASDAQ NMRK traded up $1.21 on Friday, hitting $15.03. 1,169,011 shares of the stock traded hands, compared to its average volume of 915,271. Newmark Group has a 12 month low of $9.44 and a 12 month high of $16.10. The business’s fifty day moving average is $13.51 and its two-hundred day moving average is $14.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 50.33 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $790.76 million. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that Newmark Group will post 1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on NMRK. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th. The Goldman Sachs Group assumed coverage on Newmark Group in a research report on Friday, December 6th. They issued a “buy” rating and a $19.00 price objective on the stock.

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.