Newmark Group Inc (NMRK, Financial) is set to release its Q3 2024 earnings on Nov 5, 2024. The consensus estimate for Q3 2024 revenue is $682 million, and the earnings are expected to come in at $0.11 per share. The full year 2024's revenue is expected to be $2.63 billion and the earnings are expected to be $0.30 per share. More detailed estimate data can be found on the Forecast page.
Newmark Group Inc (NMRK, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Newmark Group Inc (NMRK) for the full year 2024 have increased from $2.60 billion to $2.63 billion, and for 2025, from $2.94 billion to $2.95 billion. Earnings estimates have also been adjusted, with an increase from $0.28 per share to $0.30 per share for the full year 2024, and a decrease from $0.50 per share to $0.40 per share for 2025.
Newmark Group Inc (NMRK, Financial) Reported History
In the previous quarter of 2024-06-30, Newmark Group Inc's (NMRK) actual revenue was $633.38 million, which beat analysts' revenue expectations of $630.27 million by 0.49%. Newmark Group Inc's (NMRK) actual earnings were $0.08 per share, which beat analysts' earnings expectations of $0.045 per share by 77.78%. After releasing the results, Newmark Group Inc (NMRK) was down by -5.26% in one day.
Newmark Group Inc (NMRK, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 3 analysts, the average target price for Newmark Group Inc (NMRK) is $17.67 with a high estimate of $19 and a low estimate of $17. The average target implies an upside of 20.76% from the current price of $14.63.
Based on GuruFocus estimates, the estimated GF Value for Newmark Group Inc (NMRK, Financial) in one year is $9.14, suggesting a downside of -37.53% from the current price of $14.63.
Based on the consensus recommendation from 4 brokerage firms, Newmark Group Inc's (NMRK, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
