Newmark Group (NASDAQ:NMRK) Issues Quarterly Earnings Results

Newmark Group (NASDAQ:NMRK) issued its earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01, Briefing.com reports. Newmark Group had a net margin of 4.11% and a return on equity of 27.07%. The company had revenue of $973.20 million for the quarter, compared to analyst estimates of $952.70 million. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Here are the key takeaways from Newmark Group’s conference call:

• Record third-quarter performance: Revenue rose 12.7% to $973.2 million, while Adjusted EBITDA increased 14.6% and Adjusted EPS rose 14.3% to $0.48.
• Management and servicing revenue grew 18.3%, supported by organic outsourcing growth, Valuation & Advisory gains, and six acquisitions. Management said recurring businesses now represent roughly 40% of revenue and are expected to exceed $2 billion annually by 2029.
• Leasing revenue increased 26.5%, driven by demand from artificial intelligence, data centers, technology, manufacturing, legal, aerospace and defense, and healthcare sectors; the company described its transaction pipeline as robust.
• Newmark lowered its 2026 outlook because macroeconomic volatility is delaying and reducing the certainty of transaction closings. Capital Markets revenue fell 4.4% in the quarter, and management expects industry Capital Markets volumes to remain down through at least the first half of 2027.
• The board reauthorized a $400 million share-repurchase program, and management expects further buybacks given the company’s financial position and recent share price. However, CEO Barry Gosin is stepping down at year-end, creating a leadership-transition uncertainty while the board evaluates internal and external candidates.

Newmark Group Price Performance

Shares of NASDAQ NMRK traded down $0.68 on Thursday, hitting $11.38. The company’s stock had a trading volume of 3,110,975 shares, compared to its average volume of 1,576,133. The stock has a 50 day moving average of $13.49 and a 200-day moving average of $14.92. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 14.05 and a beta of 1.76. Newmark Group has a 12-month low of $11.13 and a 12-month high of $18.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.55 and a quick ratio of 0.55.

More Newmark Group News

Here are the key news stories impacting Newmark Group this week:

• Positive Sentiment: Newmark reported third-quarter adjusted earnings of $0.48 per share, slightly above the $0.47 consensus estimate cited by FactSet and other analysts. Earnings increased from $0.42 per share in the prior-year quarter. Earnings Flash: Newmark Posts Q3 Adjusted EPS
• Positive Sentiment: Revenue rose 12.7% year over year to $973.2 million, exceeding the $952.7 million consensus forecast. The results indicate continued growth in Newmark’s advisory and commercial real estate services businesses. Newmark Group Third-Quarter Earnings Results
• Positive Sentiment: The company declared its quarterly dividend, providing continued income support for shareholders. Newmark Reports Third Quarter 2026 Financial Results
• Neutral Sentiment: Newmark strengthened its industrial capital markets group by hiring Justin Rappel as a senior managing director, a move intended to expand its capabilities in an important commercial real estate segment. Newmark Strengthens Industrial Capital Markets Team
• Negative Sentiment: Despite beating the main quarterly estimates, Newmark cut its full-year outlook. The guidance reduction signals that management expects weaker-than-previously-anticipated near-term performance, likely making investors more cautious about earnings momentum and helping explain the stock’s decline. Newmark Group Beat on Both Lines, Then Cut Its Full-Year Outlook

Analysts Set New Price Targets

Several brokerages have recently commented on NMRK. UBS Group set a $22.00 price target on Newmark Group in a research note on Monday, August 10th. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Barclays lifted their price objective on Newmark Group from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Zacks Research downgraded Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Finally, Wall Street Zen lowered Newmark Group from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.60.

Newmark Group Company Profile

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.