Newmark Group (NASDAQ:NMRK) Updates FY25 Earnings Guidance

Newmark Group (NASDAQ:NMRK) updated its FY25 earnings guidance on Friday. 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.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NMRK shares. Wolfe Research cut 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 shares of Newmark Group in a report on Friday, December 6th. They issued a “buy” rating and a $19.00 target price on the stock.

Newmark Group Stock Performance

NASDAQ:NMRK opened at $15.10 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 49.94 and a beta of 1.99. Newmark Group has a 1 year low of $9.44 and a 1 year high of $16.10. The stock’s 50 day simple moving average is $13.55 and its two-hundred day simple moving average is $14.11.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.07. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The company had revenue of $888.30 million for the quarter, compared to analysts’ expectations of $790.76 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’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 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.