Newmark is awarded a Buy rating for its EV/EBITDA multiple expansion potential. NMRK registered a +8.2% earnings beat in Q2 2024, and its management outlook implies a potential EBITDA CAGR of +17.1% for the FY 2023-2026 time frame. The market currently values Newmark at a high-single digit EV/EBITDA ratio, and I see the stock trading at a higher EV/EBITDA multiple in the teens for the future.
Newmark Group, Inc. (NASDAQ:NMRK ) Q2 2024 Earnings Call Transcript August 2, 2024 10:00 AM ET Company Participants Jason McGruder - Head of IR Barry Gosin - CEO Mike Rispoli - CFO Luis Alvarado - CRO and East Region Market Leader Conference Call Participants Connor Mitchell - Piper Sandler Jason Sabshon - KBW Patrick O'Shaughnessy - Raymond James Operator Good day, and welcome to the Newmark Group Second Quarter 2020 Financial Results. As a reminder, today's call is being recorded.
Newmark Group (NMRK) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.18 per share a year ago.
Does Newmark Group (NMRK) have what it takes to be a top stock pick for momentum investors? Let's find out.
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.
Newmark Group (NMRK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.