Newmark reports Q4 adjusted EPS 55c, consensus 48c

Reports Q4 revenue $888.3M, consensus $790.76M. CEO Barry Gosin said, “Newmark’s (NMRK) growth continued to accelerate as we generated solid double-digit top line improvement across every major business line. The company grew Management and Servicing by 21%, Capital Markets by 20%, and Leasing by 15%. Our Capital Markets platform materially outpaced the industry as we continued to expand our market share. Excluding the Q4 2023 Signature transactions, Newmark increased volumes by 209% for Mortgage Brokerage and Debt Placement, 85% for GSE/FHA origination, and 71% for Investment Sales. Newmark’s pipeline of business remains robust, and we expect further momentum throughout the year. We continue to attract and retain the industry’s top talent and are positioned for strong revenue and earnings growth in 2025. We remain confident in our target of at least $630M of Adjusted EBITDA in 2026.”