I'm downgrading my rating for Newmark Group, Inc. to a Hold based on my evaluation of its 1Q25 earnings and FY2025 outlook. NMRK's 13% EPS beat is a validation of the company's leading position in property debt capital markets; the industry will benefit from substantial commercial real estate debt expiries. But its meaningful transactional sales exposure and high beta mean that NMRK shares might suffer in a recession and a bear market.
Newmark Group (NMRK) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.15 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NMRK offers significant potential with market share growth, recurring revenues and international expansion.
Despite the recent drop, NMRK, with strong market share gains, recurring revenues and global expansion, presents a big opportunity.
The average of price targets set by Wall Street analysts indicates a potential upside of 27.3% in Newmark Group (NMRK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Newmark Group (NMRK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
NMRK, TAP and PLMR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 20, 2024.
Newmark Group, Inc. (NASDAQ:NMRK ) Q4 2024 Earnings Conference Call February 14, 2025 10:00 AM ET Company Participants Jason McGruder - Head of Investor Relations Barry Gosin - Chief Executive Officer Michael Rispoli - Chief Financial Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Patrick O'Shaughnessy - Raymond James Julien Blouin - Goldman Sachs Jade Rahmani - KBW Operator Good day, and welcome to the Newmark Group's 4Q 2024 financial results. Today's conference is being recorded.
Newmark Group's stock on Friday notched its biggest one-day gain in more than a year, with investors snapping up shares of the commercial real-estate services company as it talked up its prospects for artificial-intelligence data centers and electric-power development.
Newmark Group (NMRK) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.46 per share a year ago.