Newmark reports Q3 adjusted EPS 42c, consensus 41c

Reports Q3 revenue $863.5M, consensus $769.05M. CEO Barry Gosin said, “Newmark (NMRK) again delivered strong quarterly top- and bottom-line improvement. We increased revenues by 26%, GAAP EPS by 150.0% and Adjusted EPS by 27%. Our record third quarter revenues included double-digit gains across every major business line. We continue to invest in growing our recurring revenue businesses and expanding our global footprint. Given our strong results and robust pipeline, we are again raising our full year outlook. We remain confident that we can achieve our targets of expanding our full year Adjusted EBITDA margin by approximately 100 basis points in both 2025 and 2026. As macroeconomic conditions continue to be favorable for commercial real estate, we remain excited about the earnings potential of our platform while we focus on investing in future growth.”