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Newmark Group Inc (NMRK)
NASDAQ:NMRK
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.47Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -9.10%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth across capital markets and leasing segments, as well as significant international expansion. However, the investment sales segment lagged slightly, and there were increases in operational expenses. Despite these challenges, the overall sentiment remains optimistic with expectations of continued growth.Company Guidance
During the Newmark Group's Q3 2024 earnings call, the company provided optimistic guidance, highlighting several key metrics. Revenue increased by 11.3% to $685.9 million, with adjusted EPS and EBITDA growing by 22.2% and 17%, respectively. The company saw a robust 18% growth in capital markets revenues, driven by a 77% increase in mortgage brokerage volumes. Fannie Mae origination volumes increased by 58% over the trailing 12 months, supporting growth in their primary servicing business. Leasing revenues climbed by 5.6%, with retail and industrial sectors leading the charge. For the full year 2024, Newmark expects total revenues between $2.620 billion and $2.680 billion, with adjusted EPS projected to rise between 6% and 11%, and adjusted EBITDA anticipated to range from $410 million to $430 million. The company remains confident in its growth trajectory, attributing it to continued market share gains and strategic international expansions.Strong Capital Markets Performance
Capital markets revenues increased by over 18%, marking the fourth consecutive quarter of double-digit improvement, driven by a 77% increase in mortgage brokerage volumes.
Growth in Fannie Mae Origination
Fannie Mae origination volumes increased by 58% over the trailing 12 months, contributing to the future growth of the high-margin primary servicing business.
Revenue and Earnings Growth
Total revenues were $685.9 million, up 11.3%. Adjusted EPS and EBITDA grew by 22.2% and 17%, respectively.
International Expansion
Newmark expanded its presence in Europe, with significant growth in the UK, France, and newly launched operations in Germany.
Leasing Segment Growth
Leasing fees increased by 6%, led by growth in retail and industrial sectors.
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NMRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NMRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $14.62 | $14.87 | +1.71% |
| Aug 02, 2024 | $12.68 | $12.02 | -5.21% |
| May 03, 2024 | $9.91 | $9.92 | +0.10% |
| Feb 22, 2024 | $10.29 | $10.76 | +4.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Newmark Group Inc (NMRK) report earnings?
Newmark Group Inc (NMRK) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Newmark Group Inc (NMRK) earnings time?
Newmark Group Inc (NMRK) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NMRK EPS forecast?
NMRK EPS forecast for the fiscal quarter 2024 (Q4) is 0.47.
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